NEW YORK (Dow Jones)-- The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index increased 0.2% in the week to March 7 from its level a week before, on a seasonally-adjusted, comparable store basis.
On a year-on-year basis, retailers saw sales decline by 0.9% in the latest week.
"Given this, ICSC Research expects same-store sales for March will be flat to down by one percent from the same month of the prior year," said Michael P. Niemira, ICSC chief economist
The weekly result Tuesday followed a decline of 0.6% in the prior week and a 0.6% rise in the week before that.
Week Ending Index 1977=100 Yr/Yr Change Weekly Change 07-Mar-09 484.1 -0.9% 0.2% 28-Feb-09 483.0 -0.8% -0.6% 21-Feb-09 485.9 -0.8% 0.6% 14-Feb-09 482.8 -0.9% 0.9% -By Riva Froymovich, Dow Jones Newswires; 201-938-5063; email@example.com
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(END) Dow Jones Newswires
March 10, 2009 07:45 ET (11:45 GMT)
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