Chain Store Retail Sales Off 1.2% in Sept. 17 Week

Chain store sales declined 1.2% in the week ended Sept. 17, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday.

On a year-over-year basis, chain store retail sales grew 3.4%.

“Sales volatility returned to the retail landscape as discounters appeared to have lost some business while the cold seasonal weather benefited department stores and lifted seasonal merchandise,” said Michael Niemira, ICSC vice president of research and chief economist.

Meanwhile, retail sales increased 4.1% in the week ended Sept. 17, according to the Johnson Redbook retail sales index.

The index rose 4.5% the week before.

Month to date, September was up 4.5% compared to September of last year, relative to a target of a 4.6% gain. Month over month showed a flat reading compared to August, relative to a target of a 0.1% gain. 

 

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