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NEW YORK (Dow Jones)--U.S. chain store sales fell 1.8% in the first three weeks of August compared with the previous month, according to Redbook Research's latest indicator of national retail sales released Tuesday.
The index's drop was in line with target, according to the report.
The Johnson Redbook Index also showed seasonally adjusted sales in the month-to-date rose 1.5% compared with August 2007, just short of the 1.6% targeted increase.
Redbook said on an unadjusted basis, sales in the week ended Aug. 23 were up 1.9% from the same week in 2007, after a 1.3% gain the previous week.
-By Emily Barrett, Dow Jones Newswires; 201-938-2248; emily.barrett@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=Vuaqfr0k0EjFVgItPQ%2F8FA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
August 26, 2008 08:55 ET (12:55 GMT)
Copyright 2008 Dow Jones & Company, Inc.
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