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ICSC Chain Store Sales down 1.0% In Nov 8 Week
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index decreased 1.0% in the week to Nov. 8 from its level a week before, on a seasonally-adjusted, comparable store basis. U.S. retailers’ sales rose at the slowest weekly pace since April as consumers curtailed spending amid increasing unemployment and tightening credit.
The ICSC said sales may fall by as much as 1 percent in November because a smaller number of shopping days after Thanksgiving this year will hurt spending.
Posted: November 11, 2008 Tuesday 07:50 AM