Chicago ShopperTrak RCT Corp.'s National Retail Sales Estimate reported that February continued its strong retail showing as sales for the week ending Feb. 16 increased a healthy 5.9% compared to the same time period last year. It also reported that sales rose 11.1% compared to the previous week ending February 9 of last year.
GAFO retail sales showed impressive gains last week as consumers rushed to various retail locations to shop for Valentine’s Day gifts and to take advantage of widespread President’s Day sales. So far, ShopperTrak’s NRSE has posted an increase six out of seven possible weeks in 2008.
ShopperTrak also reported that to date, average weekly sales for February vs. last year are up 1.3%.