New York, NY, March 28, 2006-- Weekly retail chain store sales on a week-over-week basis, sales slipped 1.6%, as the calendar shift in Easter and the lack of spring-like weather in many parts of the U.S. caused the demand for seasonal and Easter-related merchandise to slow this past week, according to a survey by the International Council of Shopping Centers and UBS Securities LLC.
Sales compared with the year-ago period rose 2.7% compared to the year-ago period.
"Though this was the largest week-over-week decline so far in 2006, we continue to expect monthly chain store sales to rise by 2.5% to 3% for March, on a year-over-year basis," ICSC chief economist Michael Niemira said. Same-store sales are sales at stores open at least one year
"Though this was the largest week-over-week decline so far in 2006, we continue to expect monthly chain store sales to rise by 2.5% to 3% for March, on a year-over-year basis," ICSC chief economist Michael Niemira said. Same-store sales are sales at stores open at least one year
