Fifth Consecutive Weekly Gain
NEW YORK, 2014-7-15 — /EPR Retail News/ — The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index rose by 0.1% for the week ending July 12 – relative to its prior week – marking its fifth consecutive sequential weekly gain. On a year-over-year basis, sales momentum accelerated to a strong +4.5% compared to the same week of the prior year.
“Business for the past week was up sharply for most segments,” noted Michael Niemira, ICSC research consultant. “Dollar stores, wholesale clubs, and electronics retailers in particular saw stellar strength over the week, but very impressive strength was also seen for drug, department, apparel, discounters, and furniture stores relative to the same week of the prior year. Looking ahead, July sales should see growth of around 3-4%,” he added.
Fiscal month sales will be reported on August 7.
Week Ending Index 1977=100 Year/Year Change Weekly Change
12-Jul-14 584.4 4.5% 0.1%
05-Jul-14 583.8 3.3% 1.7%
28-June-14 574.1 4.6% 1.0%
21-June-14 568.2 4.1% 2.0%
14-June-14 557.0 3.1% 0.4%
Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 67,000 members in over 100 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. For more information, visit www.icsc.org.
Contact: Jesse Tron