IE Business Daily Business news for the Inland Empire.
U.S. retailers have posted another solid week, aided in part by the end of back-to-school season.
Sales were up three percent for the week that ended Saturday compared with the same week in 2013, according to the International Council of Shopping Centers and Goldman Sachs Weekly Chain Stores Sales Index, which was released Tuesday.
Week- over-week, sales fell 2.6 percent, but the year-over-year number is considered a sign of a strong retail market, said Michael Niemira, research consultant for the New York-based council.
“Business over the past week was healthy overall,” Niemira said in a statement, singling out electronics, wholesale clubs, dollar discount and furniture stores for strong performances.
The council predicts retail sales will be up four to five percent this month compared to September 2013.
