Home >

Weekly sales up 1.3 percent for U.S. chain stores

Cold weather and the Super Bowl had positive effects on U.S. retailers, as weekly sales for chain stores grew 1.3 percent for the week ending February 3. Year-over-year sales growth slowed to 4.3 percent, down from a 4.9 percent increase last week.

Grocery stores were the main driver behind the increase in sales with Super Bowl shoppers stocking up on food and snacks, according to Michael Niemira, ICSC’s chief economist and director of research.

February comp sales look to be set for single digit growth. “For the month, we are on track for about a 3.0 percent comp-store sales gain," said Niemira.

Compiled by the staff of Shopping Centers Today. © February 06, 2007 International Council of Shopping Centers.