News

Advanced Search

U.S. Chain-Store Sales +3%

Jul 24, 2012 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 3.3 percent year on year for the week that ended on July 21, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. On a week-to-week basis, comparable-store sales rose 1 percent.

''Sales improved over the prior week, but continued a choppy and uneven performance across retail categories,'' said Michael Niemira, ICSC's vice president of research and chief economist.  ''Apparel store traffic, according to the ICSC-GS consumer tracking survey, improved appreciably as cooler weather than last year for the nation as a whole likely helped lift back-to-school categories and shifted the composition of spending towards higher-value apparel.''

ICSC Research anticipates that comparable-store sales will increase by between 1 percent and 1.5 percent with stronger growth when excluding drug store sales. 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-store, Jeff Miller, retail, sales, weekly
Similar Articles
Similar Videos
Polished Prices Hold Steady in March
Apr 03, 2013
While trading slowed in the U.S. and Israel during the...
prices Polished Prices Under... christie's auction Ritani Unifies Online,... broadcast news Analysts Expect Christmas...
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.