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NEW YORK (Dow Jones)--The International Council of Shopping Centers Retail Chain Store Sales Index rose by 0.1% in the week to Aug. 30 from its level a week before, on a seasonally-adjusted, comparable store basis.
This result Wednesday followed a 0.2% increase in the prior week.
"Because sales promotions are rampant, this helped drive some customer traffic at times during the month," said Michael P. Niemira, ICSC's chief economist and director of research.
ICSC also said in a statement that a break at the gas pump allowed consumers to spend a little more last week.
On a year-on-year basis, retailers saw sales increase by 2.2% in the latest week. That is slightly lower than the 2.3% year-on-year rise in the prior week.
-By Dan Molinski, Dow Jones Newswires; 201-938-2245; dan.molinski@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=AvSeyy9xnxfM2x48pEC5Ew%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 03, 2008 07:45 ET (11:45 GMT)
Copyright 2008 Dow Jones & Company, Inc.
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