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ICSC forecasts back-to-school sales up 3%
New York City -- The International Council of Shopping Centers is forecasting an increase of 3% to $39 billion in total sales over the three-month back-to-school shopping season.
According to ICSC on Thursday, sales for the back-to-school season -- typically the second-largest driver of the year -- are predicted to be healthy.
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Dept. stores deliver solid June sales
NEW YORK – Department-store retailers turned out solid sales results in June, despite concerns about consumers cutting back on spending.
Macy’s Inc. reported that its total sales for the fiscal month of June increased 7.5% to $2.392 billion from $2.226 billion last year. The retailer reported a same-store sales increase of 6.7% for the month.