Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

U.S. Chain-Store Sales Flat in June

Retail sales growth is much weaker than expected.
Jul 5, 2012 11:32 AM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... U.S. chain-store sales in June rose by only 0.2 percent year on year, according to  the International Council of Shopping Centers (ICSC). The group had lowered its outlook for the month, however, volatile consumer buying trends ultimately led to a much weaker than expected data.

Michael P. Niemira, the vice president of research and chief economist for ICSC, said that weather provided a drag on comparable-store performance as well but some retailers pointed to broader economic uncertainty. ''Of course, the slower sales pace was not consistent across all segments as some retailers did quite well, leading to an uneven overall performance for the industry,'' he added.

Luxury retail stores experienced a 7.6 percent year on year increase, but wholesale clubs where negatively impacted by declining gasoline prices.

Tags: chain-stores, ICSC, Jeff Miller, retail, sales
Similar Articles
Kay Jewelers SignetSignet Sees Surge in Holiday E-Commerce Sales
Jan 14, 2021
Signet Jewelers reported a positive holiday season as soaring online sales...
Pandora Flags Concerns as More Stores Shut
New Book Reports Favorable Forecast for Luxury
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us