NEW YORK – Chain store sales declined 1.0% in the week ended April 14, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday.
Year-over-year, sales remained positive, but slowed to 3.2% growth.
"With the Easter holiday beginning this past Sunday, it is not surprising that seasonal apparel demand slowed in its aftermath, but cooler temperatures also brought a chill to the industry," said Michael Niemira, ICSC vice president of research and chief economist. "Despite the setback this past week, retail sales are still up cumulatively over the past three weeks," added Niemira.
