New York, NY, January 24, 2007--Retailers grew their sales last week despite the impact of cold weather. Weekly chain store sales increased 0.1 percent, according to ICSC’s index. Year-over-year sales were strong, with a 4.8 percent increase.
“Sales inched up over the latest week, but were hurt by soft customer traffic due to some regional weakness as more than half of the U.S. was snow covered,” said Michael Niemira, ICSC’s chief economist and director of research. He expects sales to rise by 3 percent for the month.
