Chain store sales slipped 0.3% in the week ended Nov. 17, while improving to a 2.5% increase year-over-year, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday.
"Sales slowed sequentially ahead of the Black Friday bargain bonanza that retailers have in store for consumers this year" said Michael Niemira, ICSC vice president of research and chief economist. "As usual, consumers are geared for these promotions and are eagerly awaiting Black Friday's arrival, which should help lift overall sales for the month," Niemira added.
