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Details on Industry Insight.
Holiday sales during the week between Christmas and New Year’s rose 2.5% vs. the same week of 2008, according to the International Council of Shopping Centers-Goldman Sachs chain store sales index.
On a week-over-week basis, sales rose 1.5% from the previous week, the strongest gain since June.
Overall, the International Council of Shopping Centers said U.S. comparable store sales rose 2.5% in December vs. the same month of 2008.
Those results followed a weaker than expected November, where U.S. comp store sales declined 0.2% vs. November 2008.