IE Business Daily Business news for the Inland Empire.
U.S. retail sales were up again last week.
Year-over-year sales rose 4.1 percent for the week that ended Saturday, according to the International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index, which was released Tuesday.
Sales were essentially unchanged – up 0.1 percent – compared with the previous week, the index stated.
September is usually a good month for retail, and this year isn’t changing that trend, said Michael P. Niemira, a research consultant with the New York-based council.
“The past week was strong for apparel stores, dollar stores, wholesale clubs and discounters,” Niemira said in a statement. “Business was also strong at electronics stores, possibly buoyed by the release of Apple’s iPhone 6.”
September retail sales are expected to be up four to five percent compared with September 2013, according to the council.
