Chain-store sales, helped by seasonable weather, thankfully popped higher in the June 27 week — but not enough to salvage the month. ICSC-Goldman’s same-store sales tally jumped 1.6 percent for the biggest weekly gain in six months. The year-on-year rate moved back in the positive column, at 0.6 percent to end three straight negative readings. But for the month of June, it’s too little too late: "This late June spark was a welcome sign for the industry and the economy, however, for the month as a whole, June sales continue to track for a ‘tough’ month with the early part of the month weighing heavy on its performance."
The 4-week moving average is down 0.2% in June. It was down 0.3% in May.
