- US DATA: "U.S. chain store sales posted a strong 4.8 percent year-over-year comparable-store gain for January 2011 according to the International Council of Shopping Centers (ICSC).
Market news
3 February 2011
US DATA: "U.S. chain store sales posted a strong 4.8 percent year-over-year comparable-store gain for January 2011 according to the International Council of Shopping Centers (ICSC).
Retailers weathered the storms in January, both literally and figuratively, besting ICSC's initial forecast, said Michael P. Niemira, chief economist and director of research for ICSC. This gain is encouraging especially given the drag on sales created by the winter storms in the Northeast and Southeast, and suggests relatively healthy underlying consumer demand, iemira added. For February, ICSC projects sales will increase by 2.5-3.0%."
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