Chains Same-Store Sales Up 2.6% in July

July’s sales grew by way of 2.6 percent on a year-over-year comparison for the same month of 2006 for the nation’s shackle stores, according to the International Council of Shopping Centers, Inc.

Although July sales grew at a steady pace—consistent with the trend since February—manufacturing segments showed a abundance more volatility, such as the luxury bureau store segment’s growth, which rose 10.8 percent from July of last year. July sales were also dominated by summer clearance sales. But, teen retailers and apparel-specialty retailers, performed to some extent meanly in relation to latter-day trends.

"As we have noted earlier this year, a buyer ’soft patch’ began in February 2007 and the modern data suggested it continued prep between July," said Michael Niemira, ICSC’s chief economist and director of research. "The housing market haul continues to dampen consumer demand and with it the overall economy. Looking forward to August sales results, we calculate industry comp-store sales will increase by 2-2.5 percent, which is largely a continuation of the recent trend."

ICSC Chain Store Sales Trends is a monthly report on the U.S. retail industry’s sales performance based on an ICSC preliminary compilation of publicly-available sales for 53 chain stores during the month of April.

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