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ICSC Chain Store Sales edged up 0.3% in Jun 15 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index edged up 0.3% in the week ended Saturday from the week before on a seasonally adjusted, comparable-store basis, as sales performance was mixed by store segment.
"During the past week, department, electronics and drug store sales posted notable improvement, but there were pockets of notable weakness too among dollar stores and wholesale clubs," said ICSC Chief Economist Michael Niemira. "Most other segments were a tad stronger or a tad weaker than the year-over-year pace of the prior week."
ICSC expects June industry sales will increase 3% to 3.5%. On a year-on-year basis, the reading rose 2.5%.
Posted: June 18, 2013 Tuesday 07:45 AM