Chicago In its weekly recap of sales analysis, the ShopperTrak RCT Corp.’s National Sales Estimate found that year-over-year retail sales for the week ending Sept. 20 were up 4.8%. However, compared to the previous week, sales declined a marginal 0.2%.
ShopperTrak’s statement on the analysis cautioned that the modest increase in year-over-year comparison was likely an indication of weakness in 2007 sales as opposed to any signs of strength or recovery in the 2008 market.
However, Bill Martin, co-founder of ShopperTrak, predicted that sales will pick up as Halloween approaches.
According to the ShopperTrak analysis, year-over-year sales have increased 30 out of 38 weeks thus far in 2008.