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ICSC Chain Store Sales Unchanged In June 20 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index were unchanged in the week ended Saturday from its level a week before on a seasonally adjusted, comparable-store basis. On a year-on-year basis, retailers saw sales fall 0.9% in the latest week.
Michael P. Niemira, ICSC chief economist, said the recession and bad weather continued to hurt June sales. Nationwide precipitation is 93% above a year earlier, according to Weather Trends International, he said. Niemira added the weeks leading up to Independence Day should be warmer and drier than last year, which should spur seasonal goods.
Posted: June 23, 2009 Tuesday 07:45 AM