Research >> Economics
ICSC Chain Store Sales down 0.1% in Nov 13 Wk
Weekly retail sales declined by 0.1% according to the ICSC-Goldman Sachs Weekly Chain Store Sales Index. On a year-over-year basis, retail sales maintained momentum and rose by 3.4 percent.
“Sales slipped a tad in the latest week as uneven weather patterns and a slower ramp-up for holiday gift buying affected the weekly flow,” said Michael Niemira, ICSC director of research and chief economist. “But still, the year-over-year pace of sales continues to hold up with easy comparisons,” Niemira added.
ICSC Research continues to expect November sales to increase between 3.0% and 4.0%
Posted: November 16, 2010 Tuesday 07:45 AM