Founded in 2010

News & Entertainment for Mason City, Clear Lake & the Entire North Iowa Region

Weekly sales fizzle after July 4th holiday

NEW YORK, July 16, 2013 – Post-Independence Day week sales tumbled for retailers following a holiday spending surge. As a result, sales for the week ending July 13, 2013 declined sharply by 1.1%, based on the International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index. In addition to the sequential sales decline, retail sales on a year-over-year basis slowed to 1.7%.

“After surging during the long Fourth of July holiday weekend weekly retail sales flip-flopped and declined sharply this past week,” said Michael Niemira, ICSC vice president of research and chief economist. “Weather may have accentuated this swing in sales as it is traditionally a relatively light selling period and is dominated by summer clearance sales,” Niemira added.

For the fiscal month of July, ICSC Research anticipates chain store sales will increase between 3.0% and 3.5%, following the June rise of 4.1%.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments

Even more news:

Copyright 2024 – Internet Marketing Pros. of Iowa, Inc.
Would love your thoughts, please comment.x