Retail Sales Up 4.5%
NEW YORK, 2014-8-7 — /EPR Retail News/ — The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 0.2% for the week ending August 2 – relative to its prior week. On a year-over-year basis, sales accelerated rapidly by 4.5% compared to the same week of the prior year.
“The fiscal month sustained a strong pace of 4.1% overall,” noted Michael Niemira, ICSC research consultant. “There were 12 states that had a sales tax holiday during the week, which helped propel back-to-school sales. As a result, I expect sales for July to increase by better than 4%,” he added.
Fiscal month sales for July will be reported on August 7.
Week Ending Index 1977=100 Year/Year Change Weekly Change
02-Aug-14 584.2 4.5% 0.2%
26-Jul-14 583.2 4.6% 0.2%
19-Jul-14 582.3 2.8% -0.4%
12-Jul-14 584.4 4.5% 0.1%
05-Jul-14 583.8 3.3% 1.7%
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