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ICSC Chain Store Sales down 0.5% In July 18 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index rose 0.5% in the week ended Saturday from its level a week before on a seasonally adjusted, comparable-store basis. On a year-on-year basis, retailers saw sales decline 0.3% in the latest week.
Michael P. Niemira, ICSC chief economist, said although the increase was modest, it was spread across most segments despite chilly weather.
Posted: July 21, 2009 Tuesday 07:45 AM