Research >> Economics
ICSC Chain Store Sales unch% in Aug 30 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 4.8% for the week ending August 30 - relative to the prior year. On a week-over-week basis, sales were unchanged.
"According to the ICSC-GS consumer tracking survey business was overall very healthy, and extremely strong for dollar stores and wholesale cubs. With relatively positive weather over the pre-Labor Day weekend, other retailers - department, discount, apparel, electronic and furniture stores - all experienced solid sales." said Michael Niemira, ICSC research consultant. "For the month of August, which is when most of the back-to-school shopping occurs, I expect sales to show a gain of 4% to 5%," he added.
Posted: September 3, 2014 Wednesday 07:45 AM