Chain store sales slid 0.3% in the week ended Aug. 11, but year-over-year sales improved to a 3.6% increase, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday.
"Sales were mixed this past week as the year-over-year results were strong but on a weekly basis the sequential change was slightly down for the prior week," said Michael Niemira, ICSC vice president of research and chief economist. "Heading into the final two weeks of the fiscal month, the industry should see some pickup with easier year-over-year sales comparisons and forecasts of cooler temperatures than last year showing up in parts of the country," Niemira added.
