Sales at U.S. retailers last week rose 0.2 percent over the previous week and 4.6 percent above the same week in 2006, according to a report today from the International Council of Shopping Centers for the seven days ended March 24, Bloomberg News said.
The ICSC credited purchases of warm-weather clothing and Easter candy and gifts with driving the biggest year-over-year sales increase since January.
In the week ended March 17, the ICSC index had a 2.7 percent year-over-year gain.
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Sales for all of March are expected to rise 4 to 5 percent over March 2006, the ICSC and UBS Securities LLC said in a statement today, according to Bloomberg. “The dramatic change in weather helped retailers catch-up from the slow start earlier in the month,” Michael Niemira, the ICSC’s chief economist said.
