Chain Store Sales Up 0.5% in Week Ended Aug. 25

Chain store sales grew 0.5% in the week ended Aug. 25, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday.

Year-over-year sales improved to a 3.4% increase.

"A bout of cooler weather nationally and more school systems beginning their new school year gave consumers the motivation they needed to spend, helping to lift overall back-to-school shopping and weekly sales this past week," said Michael Niemira, ICSC vice president of research and chief economist. "Given this late push, ICSC Research anticipates that comp-store sales will increase by 3.5% to 4.5% when most retailers report their monthly sales results for August on Thursday, August 30, 2012," Niemira added.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER