Research >> Economics
ICSC Chain Store Sales unch% in Dec 27 Wk
U.S. chain-store sales rose 2.2 percent year on year for the week that ended on December 27 and included the final shopping days before Christmas, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. However, comparable store sales were flat compared with the previous week.
“Looking ahead to January, consumers reported that the share of their total holiday gift purchases that went into gift cards rose to 24.6 percent compared to 23.7 percent in 2013 – reinforcing the importance of post-Christmas shopping and gift-card redemption,” said Michael Niemira, ICSC's research consultant.
Posted: December 30, 2014 Tuesday 07:45 AM