Research >> Economics
ICSC Chain Store Sales up 0.6% in Jun 5 Wk
Warm weather throughout the nation acted as a sales catalyst for consumers and gave retailers another week of positive sales results. For the first week of the fiscal month of June, weekly sales improved by 0.8 percent, according to the ICSC-Goldman Sachs weekly sales index. On a year-over-year basis sales remained positive and improved by 3.0 percent.
“Sales spurted during the first week of the fiscal month of June as a bout of hot weather was the catalyst for apparel demand, in particular,” said Michael Niemira, ICSC director of research and chief economist. “For the month, ICSC Research expects sales will increase by 3.0 to 4.0 percent as easy comparisons will be boosted by the calendar-shift pushing Memorial Day sales into the June fiscal month as well as a ‘warm weather’ lift,” Niemira added.
Posted: June 8, 2010 Tuesday 07:45 AM