The International Council of Shopping Centers (ICSC) and Goldman Sachs reported a 1.8% increase year on year in sales for U.S. chain stores this past week. However, compared to the week before, the weekly index basically proved to be flat.
"Sales began the new fiscal month weak as the national weather remained unfavorable for fall merchandise demand," said Michael Niemira, the director of research and chief economist for the ICSC.
ICSC is predicting a possible 3 percent improvement in chain-store sales during September.
Source: RapNet
