NEW YORK (Dow Jones)--The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index rose 1% 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 decline 0.5% in the latest week.
Michael P. Niemira, ICSC chief economist, said retailers saw another week of increased sales as traffic rose. The firm expects industry sales for July to be off about 5.5% from a year earlier with "leaner clearance than last year hurting the reported sales pace," he said.
Week Ending Index 1977=100 Yr/Yr Change Weekly Change 25-July-09 496.5 -0.5% 1% 18-July-09 491.7 -0.3% 0.5% 11-July-09 489.4 -0.7% -0.9% 4-July-09 493.8 0.5% 0.1%
-By Kerry Grace Benn, Dow Jones Newswires; 212-416-2353; firstname.lastname@example.org
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(END) Dow Jones Newswires
July 28, 2009 07:46 ET (11:46 GMT)
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