ICSC PREDICTS SLOWER SALES GROWTH

NEW YORK — The International Council of Shopping Centers has projected that shopping-center sales will increase by 2.2% during November and December of 2011, compared with year-ago results. In 2010, holiday sales increased 5% at shopping centers after declines of 4.2% and 0.6% in 2008 and 2009, respectively, according to the ICSC. Shopping-center sales, which include a wide range of retailers in addition

NEW YORK — The International Council of Shopping Centers has projected that shopping-center sales will increase by 2.2% during November and December of 2011, compared with year-ago results.

In 2010, holiday sales increased 5% at shopping centers after declines of 4.2% and 0.6% in 2008 and 2009, respectively, according to the ICSC. Shopping-center sales, which include a wide range of retailers in addition to food and beverage stores, are projected to total $449 billion during the two-m

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