RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

U.S. Chain-Store Sales +2%

Oct 29, 2013 8:10 AM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... U.S. chain-store sales rose 2.2 percent year on year for the week that ended on October 26, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. However, on a week-to-week basis, comparable-store sales slipped 0.4 percent.

“A blast of wintery-type weather and, most likely, Halloween-related buying helped lift seasonal goods and drive traffic across most of the industry," said Michael Niemira, ICSC's vice president of research and chief economist. “Over the last month, sales have been very erratic with lots of external impacts from the ripple effects of the government shutdown to worry about the economy affecting the pace of demand.”

ICSC Research anticipates that October'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-stores, Goldman Sachs, ICSC, Jeff Miller, retail, sales
Similar Articles
EnzoChow Tai Fook Buys Chinese Retailer Enzo
Jan 19, 2020
Chow Tai Fook has acquired Enzo Jewelry, a colored-gemstone brand...
Robust Jewelry Sales Boost Richemont
Signet Raises Forecast Following Strong Holiday
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us