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. 


 

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.