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Brokerage
Posted: May 21, 2008
U.S. chain store sales increased 3.6% in April
April U.S. chain store sales rose by 3.6% on a year-over-year, same-store basis, according to ICSC's index. "Although the economic headwinds remain brisk, April year-over-year retail-chain store sales got a lift of 200-to-250 basis points due to the shifting Easter date, which resulted in an extra Sunday of sales in April 2008 versus April 2007," said Michael Niemira, ICSC's chief economist and director of research. "In addition, there was some modest pent-up demand with more seasonable weather early in the month, along with some increased promotional activity, which helped to explain the strongest monthly performance in more than a year," Niemira said.
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Quick Hits
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
