Chain Store Sales Grow 0.7% in Week

Chain store sales increased 0.7% in the week ended March 9, while holding steady at a 1.8% increase year-over-year, according to the ICSC Goldman Sachs Weekly Chain Store Sales Index, released Tuesday.

"The fiscal month of March began on a mixed note with steady results on a year-over-year basis and a solid increase over the prior week," said Michael Niemira, ICSC vice president of research and chief economist. "The mixed performance was tied to uneven underlying demand-stronger grocery and apparel stores business, but weaker discount business-and another bout of adverse weather in the Midwest."

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