Chain store sales are on the up.Retail chain store sales edged up 0.6 percent last week, mainly because the previous week's sales were very depressed, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the ICSC ICSC International Council of Shopping Centers ICSC International Chemical Safety Cards ICSC International Civil Service Commission ICSC International Council of Shopping Centres ICSC International Catholic Stewardship Council weekly chain store sales index. This was the largest week-on-week gain since July 30, when sales rose 0.9 percent. "Throughout [September] retail sales faced a number of challenges," said Michael Niemira, ICSC's chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the and director of research. Among those, he said, were "one of the hottest Septembers in the last 111 years, according to SDI/ WeatherTrends, which hurt fall apparel categories, two powerful hurricanes and high gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices, all of which tempered consumer demand." Year on year, sales were up 3 percent, versus a year-on-year 2.8 percent rise the week before. For September as a whole, ICSC projects a year-on-year chain sales increase of 3 percent. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion