ICSC Reports Strong Sales for January

The International Council of Shopping Centers recently reported a 4.8 percent sales increase for January—the strongest January sales report since 2006. ICSC notes that sales were especially high at luxury department stores, adding Saks Inc. was one of the strongest with a 10.5 increase. Discounters also experienced an increase with same-store sales. The council expects sales to increase 3.5 percent in February.