ICSC Sees Slight Retail Gain In August

August comparable store sales came in slightly above expectations for the International Council of Shopping Center’s slate of 31 major retailer companies, but a broader index could only gain at month’s end.
On average, comparable store sales gained 3.2% in August, just beating the 3% advance ICSC researchers expected. Sales trends remained consistent with recent months and back to school purchasing activity appeared to be gaining slightly.
However, the council reported that overall retail sales were soft in August. The ICSC-Goldman Sachs chain store sales index for the week ending August 28 rose by 0.1% on a week-over-week basis. However, that modest increase snapped a prior four-week slide that included a 0.4% decline in the seven days ended August 21.