WASHINGTON (MNI) – The following is the commentary from the
ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday:
After two weeks when sales dipped, consumer spending heated up
along with the seasonally hot weather. As a result, overall weekly
chain store sales for the week ending June 26 increased by a hefty 2.1
percent, according to the ICSC and Goldman Sachs. In addition,
year-over-year sales strengthened to 3.0 percent its best showing in
three weeks.
“The weekly sales pace accelerated over the latest week with
department store business much stronger over the last week, which helped
to drive industry sales overall,” said Michael Niemira, ICSC director of
research and chief economist. “Given the weekly sales pace ICSC
Research continues to expect sales will increase by 3.0 to 4.0 percent
overall for June,” Niemira added.
Please note in observance of the Fourth of July, the ICSC-Goldman
Sachs Weekly Chain Store Sales Snapshot will be released next week on
Wednesday, July 7, 2010.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: MAUDT$,MAUDS$,M$U$$$]
