July 4th Provides Fireworks for Retailers Sales Finish the Fiscal Month of June on Strong Note
NEW YORK, July 8, 2014 – The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index rose by a solid 1.7% for the Independence Day Holiday week ending July 5 – relative to its prior week. On a year-over-year basis, sales increased by a healthy 3.3% compared to the same week of the prior year.
“Consumers were undeterred by somewhat unfavorable weather, as business was up sharply at apparel-specialty stores and wholesale clubs, while drug, department, electronics, office, and furniture stores saw solid gains,” noted Michael Niemira, ICSC research consultant. “The month certainly ended on a high note, and while ICSC’s June expectations remain the same, there is some bias towards a slightly stronger increase for the month,” he added.
For June, ICSC Research expects sales will continue to post solid figures, increasing by 3.5% over the previous year. Fiscal month sales will be reported on July 10.
Week Ending Index 1977=100 Year/Year Change Weekly Change
05-Jul-14 583.8 3.3% 1.7%
28-June-14 574.1 4.6% 1.0%
21-June-14 568.2 4.1% 2.0%
14-June-14 557.0 3.1% 0.4%
Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 67,000 members in over 100 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. For more information, visit www.icsc.org.