Retailers Get an “A” This Week as Back-to-School Shopping Propels Sales Up 4.6% Year-Over-Year
NEW YORK, July 29, 2014 – The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 0.2% for the week ending July 26 – relative to its prior week. On a year-over-year basis, sales accelerated rapidly by 4.6% compared to the same week of the prior year.
“There was impressive strength in business for department, apparel, and electronic stores which were all helped by back-to-school shopping,” noted Michael Niemira, ICSC research consultant. “With the very strong end to the month, I expect sales for July to now come in on the high end of the original forecast, and increase by 4%,” he added.
Fiscal month sales will be reported on August 7.
Week Ending Index 1977=100 Year/Year Change Weekly Change
26-Jul-14 583.2 4.6% 0.2%
19-Jul-14 582.3 2.8% -0.4%
12-Jul-14 584.4 4.5% 0.1%
05-Jul-14 583.8 3.3% 1.7%
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.