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Details on Industry Insight.
September retail sales turned out better than expected for some retailers, according to figures released this morning.
The International Council of Shopping Centers reported that its index of chain store sales recorded a 5.5% increase in September vs. the same month in 2010. Luxury sales rose by 10.4% and continued to be a key driver of total sales, ICSC said.
Separately, the National Retail Federation forecast that holiday sales would grow 2.8% this year, lower than the 5.2% increase last year, but slightly higher than 10-year average increase of 2.6%.
Here are some results for industry customers and teen retailers. PacSun no longer reports monthly results. Click here to read our story about Zumiez’s September sales.
Wet Seal: - 0.3%
Gap: - 4%