Advanced Search

U.S. Chain-Store Sales +3%

Dec 24, 2013 9:31 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... U.S. chain-store sales rose 2.7 percent year on year for the week that ended on December 21, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. Week-to-week comparable-store sales improved 1.4 percent.

“Consumers reported in the ICSC-GS consumer tracking survey that the average holiday-gift completion rate rose to 83.5 percent though Sunday — close to last year’s 84 percent at a comparable time, which is good news for retailers and the industry,” said Michael Niemira, ICSC's vice president of research and chief economist. “With only a day remaining to wrap up their Christmas shopping, it is no surprise that 31 percent of consumers plan to shop on Christmas Eve.”

ICSC Research anticipates that December's chain-store sales will reflect an increase of 3 percent to 4 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 store sales, Consumer Spending, ICSC, Jeff Miller, Shopping
Similar Articles
Rapaport TradeWire October 14, 2021
Oct 14, 2021
Retail Industry Mining October 14, 2021 RAPAPORT MARKET COMMENT Rising expectations for US holiday season
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.