By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index edged lower in the
July 31 period to 59.9, a reading well over 50 to indicate solid
year-on-year growth yet not enough to indicate month-to-month growth,
according to the results of Market News International’s weekly survey
released Monday.
Sales are at an unadjusted year-on-year +3.0% with same-store sales
at an unadjusted +2.0%. When adjusted, MNI’s data are pointing to a
-0.5% headline for July retail sales in what would be a third month of
disappointment.
Guidance is flat and consumer caution is the sector’s drumbeat.
Optimism is isolated to only the strongest retailers.
Income for the sample is +11%. The period’s sample size is 141
chains consisting of 121,200 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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