Holiday Chain-Store Sales Projected for 3.4 Percent Rise, Says ICSC
October 1, 2013,
NEW YORK-The International Council of Shopping Centers (ICSC) has forecast an increase of 3.4 percent in U.S. chain-store sales for the upcoming holiday season.
Michael Niemira, ICSC vice president of research and chief economist, said retailers are poised to have a better holiday season this year than last year, in spite of consumers' "subdued spending mood. With leaner inventories, retailers can expect their prices and margins to remain stable, which is another good indicator of stronger sales."