RapNet


Rapaport News

 

Research

 

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

U.S. Chain-Store Sales +3%

Apr 29, 2014 7:48 AM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... U.S. chain-store sales rose 3.1 percent year on year for the week that ended on April 26, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. Comparable-store sales climbed 1.6 percent compared with the previous week.

"Sales posted a healthy sequential and year over year gain as a bout of warmer-than-normal weather helped to lift seasonal demand (in the Midwest and East),” said Michael Niemira, ICSC's vice president of research and chief economist. “Moreover, despite the Easter Sunday store closures, business was brisk across the board for retailers over the past week. The ICSC-Goldman Sachs consumer tracking survey suggested that business was especially robust relative to the prior year's week for wholesale clubs, with strong performance for apparel, dollar and drug stores, as well.”

ICSC Research anticipates that chain-store sales will increased between 3.5 percent and 4 percent in April. 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, comparable sales, Goldman Sachs, ICSC, Jeff Miller
Similar Articles
Rapaport TradeWire August 20, 2020
Aug 20, 2020
Industry Retail Mining General Finance August 20, 2020 RAPAPORT...
Rapaport TradeWire August 13, 2020
Rapaport TradeWire August 6, 2020
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