News

Advanced Search

U.S. Chain-Store Sales +2%

Aug 7, 2012 8:11 AM   By Avi Krawitz
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... U.S. chain-store sales rose 2.4 percent year on year for the week that ended on August 4, ‎according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. ‎However, on a week-to-week basis, comparable-store sales were flat.‎

‎“Consumers were not in much of a shopping mood during the first week of the August ‎fiscal month,” said Michael Niemira, ICSC's vice president of research and chief ‎economist.  “However, as the reality of the new school year soon beginning for many ‎students sinks in, ICSC expects back-to-school spending to accelerate.”‎

ICSC Research anticipates that comparable-store sales will increase by between 4 ‎percent and 5 percent overall in August, driven by students’ back-to-school buying and ‎promotional activity for luxury merchandise. ‎
Tags: Avi Krawitz, Back-to-school, chain-stores, Jewelry, luxury, Rapaport, retail
Similar Articles
Similar Videos
Rapaport Illustrates the Importance of 'The Last 18 Inches'
Jul 01, 2014
Martin Rapaport's annual "State of the Diamond Industry" presentation provides...
jcpenney Polished Prices Hold... prices Polished Prices Under... christie's auction Ritani Unifies Online,...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2014 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.