CONSUMER WATCH: CHAIN STORE SALES UP 1.4% IN FEBRUARY

US chain store sales dipped a little during the last week of February but capped a month during which sales grew 1.4% over January. Chain store sales have been quite resilient so far this year amid rising unemployment and poor consumer confidence.

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The International Council of Shopping Centers and Goldman Sachs on Tuesday released the following seasonally adjusted weekly data on U.S. chain store retail sales.
WEEK ENDING INDEX 1977=100 YOY CHANGE WEEKLY
Feb 28 483.0 -0.8% -0.6%
Feb 21 485.9 -0.8 0.6
Feb 14 482.8 -0.9 0.9
Feb 7 478.6 -1.8 0.0
Jan 31 478.5 -2.5 1.6
ICSC said it continues to expect February same-store sales to fall 1 percent to 2 percent from the same month last year. The ICSC weekly U.S. retail chain store sales index is a joint publication between ICSC and Goldman Sachs Group Inc. It measures nominal same-store sales, excluding restaurant and vehicle demand, and represents about 75  retail chain stores.

 

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