Reply #3: Chain Store Sales Mixed in Latest Week

[ozymandius]

NEW YORK (Reuters) - U.S. chain store retail sales saw a slight decline of 0.3 percent on a week-over-week basis. However, on a year-over-year basis, the sales momentum remained strong at 3.5 percent, a report said on Tuesday.

Sales fell by 0.3 percent in the week ended September 25, compared with a 1.1 percent decline in the previous week, the International Council of Shopping Centers and UBS said in a joint report. Compared with the same week a year ago, sales rose, 3.5 percent keeping pace from the 3.5 percent rise the preceding week.

"Though sales on a week-over-week basis declined, the overall sales pace continues to hold up and remain positive," said Michael Niemira, ICSC's chief economist and director of research.

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