Chain Store Sales Higher Last Week

New York, NY, June 22, 2010-- Weekly chain store sales in the U.S. rose 2.5 percent, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.

"Customer traffic moderated from the same week of last year and with it weekly sales slipped," said Michael Niemira, ICSC director of research and chief economist. 

"Although the weekly sales pace seemingly has slowed a tad in recent weeks, the month's easy comparisons is why ICSC Research continues to expect sales will increase by 3 to 4 percent," Niemira added.