November Chain-Store Sales Up 3.5%
November sales grew by 3.
5 percent on a year-over-year comparison for the same four weeks of 2006 on a same-store basis for U.
S. chain stores, according to the International Council of Shopping Centers, Inc.
Although the overall sales gain for November was the strongest monthly develop since March 2007 (+5.9%), ICSC Research estimates that between ¾ and 1 percentage point of the November year-over-year sales brawniness was due to a calendar mismatch that inflated sales for a total of retailers.
"Adjusting for the calendar quirk, November sales were in line with fiscal-year trends," said Michael P. Niemira, ICSC’s chief economist and director of research. "We continue to believe comparable-store sales to increase by 2.5 percent during the holiday occasion (November-December)," said Niemira. "Additionally, we expect an increase of about 1.5 percent for the month of December."
ICSC Chain Store Sales Trends is a monthly report on the U.S. retail industry’s sales achievement based on an ICSC preliminary compilation of publicly-available sales for 46 chain stores during the month of November. Industry sales aggregates are compiled for same-store sales and for total store sales. Those data are presented as an token director with a 1977=100 base.