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U.S. Chain-Store Sales +3%

Weekly comparable-store sales were flat.
Jun 18, 2013 7:55 AM   By Jeff Miller
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RAPAPORT... U.S. chain-store sales rose 2.5 percent year on year for the week that ended on June 15, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. Weekly comparable-store sales were flat, or up just 0.3 percent. 

"Sales posted a modest improvement, though the pace was mixed by segment type, according to the ICSC-Goldman Sachs consumer channel-checking survey,” said Michael Niemira, ICSC's vice president of research and chief economist. “During the past week, department, electronics and drug store sales posted notable improvement, but there were pockets of notable weakness too among dollar stores and wholesale clubs. Most other segments were a tad stronger or a tad weaker than the year-over-year pace of the prior week.”

ICSC Research anticipates comparable-store sales will increase by between 3 percent and 3.5 percent for the month of June. 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-stores, ICSC, Jeff Miller, sales
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