By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index rose four tenths in
the Oct. 30 period to 60.2 pointing to a solid 0.5% gain for October
retail sales, according to Market News International’s weekly survey
published Monday.
Total sales are at an on-year +4.1%, one full point higher than the
prior period and the best reading since June. Same-store sales rose five
tenths to +2.4% for the best since mid September.
Chains are generally exceeding still cautious guidance which calls
for slowly decelerating on-year comparisons into the low positive single
digits through the holiday season.
Strength is broad based across components led by clothing &
accessories and food & beverage. General merchandise is also strong.
Income is at +9%. Sample size in the latest period is 142 chains
making up 119,400 retail locations.
Editor’s Note: MNI compiles its retail trade index based on a
weekly sample of company news and data.
** Market News International New York Newsroom: 212-669-6430 **
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