NEW YORK - Chain store sales rose 0.1% in the week ended Jan. 28, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday.
Year-over-year, retail sales rose sharply to a 3.9% increase. Snow held back sales in January 2010.
"With the fiscal month and year coming to a close this past week, retail sales once again showed how much sales patterns can shift, especially in January, said Michael Niemira, ICSC vice president of research and chief economist. "The good news is that sales on a year-over-year basis continue to show strength, which is a positive sign as the industry moves into the new fiscal year beginning this week," added Niemira.