WASHINGTON (MNI) – The following is the commentary from the
ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday:
For the sixth consecutive week retailers enjoyed another sales
increase overall as weekly sales improved by 0.2 percent, according to
the ICSC-Goldman Sachs weekly sales index for the period ending April
24. On a year-over-year basis sales had a marked improvement from the
prior week’s pace and rose by 5.5 percent.
“Sales continued to improve over the latest week, helped by robust
customer traffic, especially at discounters, department and apparel
stores,” said Michael Niemira, ICSC director of research and chief
economist. “The release of pent-up demand continues to help lift the
underlying spending profile for todays consumers. For April, ICSC
Research continues to expect monthly sales to be flat to down 3.0
percent,” Niemira added.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: MAUDT$,MAUDS$,M$U$$]
