All tagged International Council of Shopping Centers

Retail sales were flat in August compared with July according to the Census Bureau even though many individual retailers had previously reported decent back-to-school sales numbers. Core retail sales, which exclude autos and gas, rose 0.1 percent. Hurricane Irene may have played a role, boosting sales at grocery and home improvement stores, which rose 0.3 and 0.2 percent, respectively, while depressing sales elsewhere. Year-over-year, total sales were up 7.2 percent while core sales increased 5.4 percent - healthy gains though a deceleration from July's performance.