WASHINGTON (MNI) – The following is the commentary from the
ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday:
September has been a rollercoaster ride for retailers as weekly
sales continue to be volatile swinging back and forth from positive to
negative results. Given this, for the week ending September 18, overall
weekly chain store sales fell by 1.4 percent, according to the ICSC and
Goldman Sachs Weekly Chain Store Sales Index. However, on a
year-over-year basis, retail sales improved and rose by a strong 3.3
percent overall.
“Sales over the last week were mixed with some retailers being
helped by the weather, while others were not, making the overall results
for the week very uneven,” said Michael Niemira, ICSC director of
research and chief economist. “Despite this weeks decline, sales for
September remain are on track for an industry-wide increase of about.3.0
percent overall,” Niemira added.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: MAUDT$,MAUDS$,M$U$$$]
