By Mark Pender

NEW YORK (MNI) – MNI’s U.S. retail trade index slipped 1.3 points
in the July 23 period to 64.0, still well over 50 to indicate very
strong growth in year-on-year business conditions, according to the
results of Market News International’s weekly survey released Monday.

Total sales rose one tenth in the period to a year-on-year +5.7%
with same-store sales unchanged at +3.6%.

When adjusted, MNI’s data point to a +0.5% headline for July retail
sales in what would follow two months of below trend results.

Seasonal adjustments will be at play in the government’s data which
will subtract significantly less from July than from June.

On the fundamental side, unusually hot weather is a plus for the
sample, boosting this month’s sales of seasonal goods.

This will be a busy week for company news with roughly 40 chains
posting June-quarter results.

Income for the sample is unchanged at a moderate +7%. Sample size
in the period is 139 chains making up 135,400 separate 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 **