Chain Store Sales Saw 0.1% Decline Last Week

Chain store sales fell 0.1% in the week ended Nov. 13, but were up 3.4% on a year-over-year basis, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday.

“Sales slipped a tad in the latest week as uneven weather patterns and a slower ramp-up for holiday gift buying affected the weekly flow,” said Michael Niemira, ICSC research director and chief economist. “But still, the year-over-year pace of sales continues to hold up with easy comparisons.”

Meanwhile, the separate Johnson Redbook weekly retail sales report said retail sales rose 2.7% in the second week of November and month-to-date figures also were 2.7% better than last year.

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