ICSC-Goldman reports a solid 0.3 percent rise in same-store sales for the June 15 week, lifting the year-on-year rate also by 3 tenths to a respectable plus 2.5 percent. The report describes sales as mostly positive in the week. Both ICSC-Goldman and Redbook have reporting rising trends the last six weeks. Econoday will post Redbook's results later this morning at 8:55 a.m. 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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