Sales at US chain stores kept up a brisk pace in the second week of July with most retailers reporting sales at least on plan and some at the top of their target range, a report said today.
Sales at major US chain stores rose 2.6 per cent in the week ended July 19th compared with the same week a year ago after rising 2.8 per cent the previous week, the report said. Sales rose 1 per cent compared with the previous month, Instinet Research said in its weekly Redbook report.
The Redbook Average is compiled from a sample of general merchandise retailers representing about 9,000 stores. Same-store sales measure revenue at stores open at least a year.
The index is released weekly by Instinet Research, a division of Instinet, a Reuters-owned electronic brokerage.