Research >> Economics
ICSC Chain Store Sales increased by 0.2% in Aug 2 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 0.2% for the week ending August 2 - relative to its prior week. On a year-over-year basis, sales accelerated rapidly by 4.5% compared to the same week of the prior year.
"The fiscal month sustained a strong pace of 4.1% overall," noted Michael Niemira, ICSC research consultant. "There were 12 states that had a sales tax holiday during the week, which helped propel back-to-school sales. As a result, I expect sales for July to increase by better than 4%," he added.
Posted: August 5, 2014 Tuesday 07:45 AM