Advanced Search

U.S. Chain-Store Sales +3%

Apr 17, 2012 7:47 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... U.S. chain-store sales rose 3.2 percent year on year for the week that ended on April 14, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. Week-to-week comparable-store sales, however, fell by 1 percent, in large part due to post-Easter doldrums.

"With the Easter holiday beginning (April 8), it is not surprising that seasonal apparel demand slowed in its aftermath, but cooler temperatures also brought a chill to the industry," said Michael Niemira, ICSC's vice president of research and chief economist.   "Despite the setback this past week, retail sales are still up cumulatively over the past three weeks," added Niemira.

ICSC expects that comparable-store sales will increase by between 3 percent and 4 percent for April.

Tags: chain-stores, ICSC, Jeff Miller, retail, sales
Similar Articles
Rapaport TradeWire December 7, 2017
Dec 11, 2017
Industry Mining General Finance December 7, 2017 RAPAPORT MARKET COMMENT Diamond market optimistic, but polished
Rapaport TradeWire November 16, 2017
Nov 16, 2017
Industry Retail Mining General Finance November 16, 2017 RAPAPORT MARKET COMMENT Sentiment improves, with
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.