Redbook: US Retail Sales -4.4% First 4 Weeks June Vs May

Redbook: US Retail Sales -4.4% First 4 Weeks June Vs May

NEW YORK (Dow Jones)--National chain store sales fell 4.4% in the first four weeks of June versus the previous month, according to Redbook Research's latest indicator of national retail sales released Tuesday.

The latest numbers are starkly different from recent weeks because they don't include Wal-Mart Stores Inc. (WMT), which said last month it would no longer provide monthly sales figures.

The fall in the index compared to a targeted 4.1% drop.

The Johnson Redbook Index also showed seasonally adjusted sales in the period were down 4.4% compared with June 2008, compared to a targeted 4.2% fall.

Redbook said that on an unadjusted basis, sales in the week ended Saturday were down 4.3% from the same week in 2008 after a 4.2% decline the prior week.

The firm said more seasonable temperatures promoted sales of seasonal categories such as air conditioners, fans, pool and beach equipment and warm-weather apparel. It said many retailers have marked inventory down early to lure customers approaching Independence Day.

-By Kerry Grace Benn, Dow Jones Newswires; 212-416-2353; [email protected]

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(END) Dow Jones Newswires

June 30, 2009 08:55 ET (12:55 GMT)


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