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ICSC Chain Store Sales rose 0.1% in Oct 24 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index rose 0.1% in the week ended Sunday from its level a week before on a seasonally adjusted, comparable-store basis. On a year-on-year basis, retailers saw sales rise 2.4%.
"The retail sales recovery continues with its fifth consecutive weekly increase in the ICSC-GS weekly sales index," said Michael P. Niemira, ICSC chief economist. "For October, ICSC Research continues to expect monthly industry comp-store sales to be flat on a year-over-year basis, with a bias towards a somewhat higher outcome."
Posted: October 27, 2009 Tuesday 07:45 AM