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ICSC/Goldman Chain Store Sales Index Down in Latest Week

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11/05/2013 | 08:15am EDT
   By Lauren Pollock 
 

The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index fell 0.6% in the week ended Saturday from the previous week on a seasonally adjusted, comparable-store basis.

"Business improved for drug stores, department stores, wholesale clubs and furniture stores while it was weaker for grocery stores, apparel stores, discounters, dollar stores and electronics stores," said Michael Niemira, ICSC vice president of research and chief economist.

For October, ICSC Research reiterated that it expects monthly same-store sales will rise 3% to 4%, compared with the 3.5% growth recorded for September.

On a year-to-year basis, the weekly reading increased 1.9%.

 
   Week Ended    Index     Yr/Yr Change   Weekly Change 
   02-Nov -13    538.2        1.9%             -0.6% 
   26-Oct -13    541.6        2.2%             -0.4% 
   19-Oct -13    543.8        3.2%              1.4% 
   12-Oct -13    536.3        1.0%             -0.7% 
 

Write to Lauren Pollock at lauren.pollock@wsj.com

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