Store sales fell 0.1 percent in the July 31 week with the year-on-year rate steady at plus 3.9 percent, according to ICSC-Goldman's same-store tally. The report said the hot weather is hurting the fall selling season and the beginning of the back-to-school season. ICSC-Goldman pegs full month sales at a year-on-year plus 3.0 to 4.0 percent. It offers no month-to-month comparison. Redbook, which does offer a month-to-month comparison, will be posted at 8:55 ET.
This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales.
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