NEW YORK–Retail chain store sales fell 0.6 percent for the week ended Feb. 28, according to the International Council of Shopping Centers and Goldman Sachs.
“February’s fiscal month ended on a weaker note with a fall-off in customer traffic and sales this past week,” said Michael Niemira, the ICSC’s chief economist, in a statement. “Although retail sector conditions continue to be weak, the underlying spending pace was slightly better than in recent months.”