U.S. chain-store sales posted a gain of 3.7% for the fiscal month of August 2013 on a year-over-year basis according to a tally compiled by the International Council of Shopping Centers (ICSC).
"August sales were softer in the apparel segment compared to July, but were steady elsewhere," said Michael P. Niemira, vice president of research and chief economist for ICSC. "The Back-to-School apparel demand was uneven and late and overall August BTS spending was stronger in the earlier part of the month compared to the end. As a result, September is likely to see steeper 'end-of-season' discounts for BTS apparel to clear the remaining inventory," Niemira added.
For September, ICSC research anticipates that the upward trend will remain at the 4.0% pace; consistent with the prior three months.
ICSC Chain Store Sales Trends is a monthly report on the U.S. retail industry's sales performance based on an ICSC preliminary compilation of publicly-available sales for 10 chain stores during the month of August. Industry sales aggregates are compiled for "comparable-store" or "same-store" sales and for total store sales. Those data are presented as an index.