Research >> Economics
ICSC Chain Store Sales decreased by 0.4% in Jul 19 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index decreased slightly by 0.4% for the week ending July 19 - relative to its prior week. On a year-over-year basis, sales increased by 2.8% compared to the same week of the prior year.
"Unseasonably cool weather acted as a drag on consumer demand for summer-clearance items this week as average temperatures for the country were considerably cooler than this same week last year," noted Michael Niemira, ICSC research consultant. "However, the cooler temps will have gotten consumers into the Back-to-School shopping mindset. Looking ahead to July sales, I expect the strong trend to continue, with comp-store sales posting a 3-4% increase," he added.
Posted: July 22, 2014 Tuesday 07:45 AM