NEW YORK, 2014-8-12 — /EPR Retail News/ — The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 3.2% for the week ending August 9 – relative to the prior year. On a weekly basis, sales decreased 1.4% compared to the previous week.
“Business was a bit more mixed this past week, with electronic stores leading the way from a performance standpoint,” said Michael Niemira, ICSC research consultant. “The good news is that consumers are continuing to get a break at the pump, which will free up their ability to spend on back-to-school purchases. I expect sales for August to show a healthy gain of 4-5% – a notable improvement over the 3.6% gain in August 2013,” he added.
Fiscal month sales for August will be reported on September 4.
Week Ending Index 1977=100 Year/Year Change Weekly Change
09-Aug-14 576.1 3.2% -1.4%
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%
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.