Advanced Search

U.S. Chain-Store Sales +2%

Feb 19, 2014 7:48 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... U.S. chain-store sales rose 2.1 percent year on year for the week that ended on February 15, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. ICSC concluded that Valentine's Day gift spending helped boost the week-to-week comparable-store sales results by 2.5 percent.

“Valentine’s Day gave consumers the much needed spark to shop and spend this past week,” said Michael Niemira, ICSC's vice president of research and chief economist. “However, the week’s potential demand was pared somewhat by significant winter storms again. The ICSC‐GS consumer tracking survey found modest improvement versus the same week of the prior year for drug, department, apparel, wholesale clubs, specialty stores (such as jewelry stores), office and furniture stores. Dollar stores were down sharply — according to the survey, while demand was weaker for grocery and discount stores as well.”

ICSC Research anticipates that February's  comparable-store sales  will reflect a healthy increase of between 3 percent and 3.5 percent. The weekly chain-store sales snapshot is produced by ICSC and Goldman Sachs to measure U.S. nominal same-store, or comparable-store, sales while excluding restaurant and vehicle demand. The weekly sales index is presented on an adjusted basis to account for normal seasonal and other data anomalies. 

Tags: chain stores, ICSC, Jeff Miller, retail, sales
Similar Articles
Rapaport TradeWire August 17, 2017
Aug 17, 2017
Industry Retail Mining General Finance August 17, 2017 RAPAPORT MARKET COMMENT Diamond trading slow...
Rapaport TradeWire July 27, 2017
Jul 28, 2017
Industry Retail Mining General Finance July 27, 2017 RAPAPORT MARKET COMMENT India IIJS show...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 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.