Learn who we are and how we serve our community
Meet our leaders, trustees and team
Developing the next generation of talent
Covering the latest news and trends in the marketplaces industry
Check out wide-ranging resources that educate and inspire
Learn about the governmental initiatives we support
Connect with other professionals at a local, regional or national event
Find webinars from industry experts on the latest topics and trends
Grow your skills online, in a class or at an event with expert guidance
Access our Member Directory and connect with colleagues
Get recommended matches for new business partners
Find tools to support your education and professional development
Learn about how to join ICSC and the benefits of membership
Stay connected with ICSC and continue to receive membership benefits
U.S. retail sales minus motor vehicles, auto parts and gas grew 10.8 percent year over year in October on a seasonally adjusted basis, according to an advance estimate from the U.S. Census Bureau. A month ago, SCT reported that September’s 10.1 percent year-over-year increase was the largest year-over-year increase ever recorded. The Census Bureau since has revised September’s growth upward to 11 percent. “October’s retail sales were a little softer than expected, but growth is still impressive as it comes after a particularly strong September,” said Moody’s Investors Service vice president Mickey Chadha. “This is in line with our stable outlook for the retail industry, as we expect growth to continue into 2021, and for retailers to leverage this top-line growth into improved profitability as business conditions improve further.”
Sales at restaurants and drinking establishments, which the Census Bureau classifies under a separate category from retail sales, declined 14.2 percent year over year.
RELATED: September U.S. retail sales
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
Learn more