Advanced Search

U.S. Chain-Store Sales +4%

January Pattern Shows Mixed Results

Jan 31, 2012 7:45 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... U.S. chain-store sales rose 3.9 percent year on year this past week, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.  However, ICSC noted that sales in January reflected mixed results for retailers. This past week's sales were basically flat compared with the week before. Two of past four weeks reflected contractions in  week-to-week retail sales performance.
"With the fiscal month and year coming to a close this past week, retail sales once again showed how much sales patterns can shift, especially in January,'' said Michael Niemira, ICSC's vice president of research and chief economist. ''The good news is that sales on a year over year basis continue to show strength, which is a positive sign as the industry moves into the new fiscal year beginning this week,'' added Niemira.
ICSC Research anticipates January comparable-store sales to increase by 2 percent to 3 percent year on year.


Tags: chain-stores, ICSC, Jeff Miller, retail, sales, weekly
Similar Articles
Rapaport TradeWire June 21, 2018
Jun 21, 2018
Industry Retail Mining General Finance June 21, 2018 RAPAPORT MARKET COMMENT Hong Kong show
Rapaport TradeWire May 31, 2018
May 31, 2018
Industry Retail Mining General Finance May 31, 2018 RAPAPORT MARKET COMMENT Las Vegas shows
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 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.