ICSC/Goldman Sachs Chain Store Sales Up 1.1% In Jan 17 Wk
Wed, Jan 21 2009, 12:45 GMT
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NEW YORK (Dow Jones)--The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index increased 1.1% in the week to January 17 from its level a week before, on a seasonally-adjusted, comparable store basis.
On a year-on-year basis, retailers saw sales decline by 1.8% in the latest week.
"Sales volatility continued on a week-over-week basis, while year-over-year trends for January remained sluggish," said Michael P. Niemira, ICSC chief economist. "Being a low volume month with little incentive to spend will continue to make January a tough month for retailers."
The weekly result Tuesday followed a 2.3% decline in the prior week and a 1.4% rise in the week before that.
Week Ending Index 1977=100 Yr/Yr Change Weekly Change 17-Jan-09 479.8 -1.8% 1.1% 10-Jan-09 474.5 -2.2% -2.3% 03-Jan-09 485.6 -0.8% 1.4% 27-Dec-08 478.9 -1.8% -1.5% -By Riva Froymovich, Dow Jones Newswires; 201-938-5063; riva.froymovich@dowjones.com -0-
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(END) Dow Jones Newswires
January 21, 2009 07:45 ET (12:45 GMT)
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