Same-Store Sales Improve Slightly
Same-store sales in the U.S., excluding Walmart, posted a 2.9 percent gain in July, smaller than that of the previous month, according to Kantar Retail data.
The data is compared with a 4.6 percent decline last July. Results were based on the reporting of 31 retail chains.
“Retail sales growth appears to be leveling off at a modest pace as it moderates from a spring surge fed by economic stimulus and pent up demand.But the results are uneven among retailers, which reflects tough price competition in certain channels and diverging spending intentions among upper and lower income shoppers,” Frank Badillo, Senior Economist for Kantar, said as part of the announcement.