Research >> Economics
ICSC Chain Store Sales decreased by 0.7% in Oct 11 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 3.8% for the week ending October 11 - relative to the prior year. On a week-over-week basis, sales decreased by 0.7%.
"Business over the past week was strong across most segments - particularly at apparel stores and wholesale clubs," said Michael Niemira, ICSC research consultant. "With gasoline prices at their lowest point nationally since mid-November of last year, discretionary spending should remain healthy. Therefore retail sales should increase 3.5-4.5% for the month of October," he added.
Posted: October 14, 2014 Tuesday 07:45 AM