WASHINGTON (MNI) – The following is the commentary from the
ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday:
Despite the Father’s Day sales catalyst over the latest week,
consumers were more cautious in their spending over this past week. For
the week ending June 19 retailers saw their sales slip slightly for the
second week by 0.5 percent, according to the ICSC-Goldman Sachs weekly
sales index. On a year-over-year basis sales moderated to 2.5 percent
but overall remained positive.
“Customer traffic moderated from the same week of last year and
with it weekly sales slipped,” said Michael Niemira, ICSC director of
research and chief economist. “Although the weekly sales pace seemingly
has slowed a tad in recent weeks, the month’s easy comparisons is why
ICSC Research continues to expect sales will increase by 3.0 to 4.0
percent,” Niemira added.
** Market News International Washington Bureau: 202-371-2121 **
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