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Trade News - Diamonds-USA.com
  Wednesday, April 14, 2010   
 

U.S. Chain-Store Sales +4%


 Chain-store sales rose 4 percent year over year this past week, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. On a week-to-week basis, however, chain-store sales were flat.
 
“Sales were impacted by the usual post-Easter seasonal weakness, but adjusted for that, sales edged up for the fourth consecutive gain and were helped by seasonally warm weather that continued to drive spring merchandise demand,” said Michael Niemira, ICSC's director of research and chief economist.  “Although the reported sales figures for the full fiscal month of April are likely to be close to flat or off slightly, the two-month performance appears on a 4 percent track —which is pretty healthy." 
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