WASHINGTON (MNI) – The following is the commentary from the
ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday:
Weekly retail sales declined by 0.1% according to the ICSC-Goldman
Sachs Weekly Chain Store Sales Index. On a year-over-year basis, retail
sales maintained momentum and rose by 3.4 percent.
“Sales slipped a tad in the latest week as uneven weather patterns
and a slower ramp-up for holiday gift buying affected the weekly flow,”
said Michael Niemira, ICSC director of research and chief economist.
“But still, the year-over-year pace of sales continues to hold up with
easy comparisons,” Niemira added.
ICSC Research continues to expect November sales to increase
between 3.0% and 4.0%.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: MAUDT$,MAUDS$,M$U$$$]
