U.S. retail sales for the
week ended August 24 fell 0.3 percent from the previous week,
according to the Bank of Tokyo-Mitsubishi UBSW weekly sales
report.
August sales are expected to be up about 1.0 – 1.5 percent,
according to the report.
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Same-store sales are considered the best measure of a
retailer’s results because they exclude the effect of store
openings and closings in the past year.
Bloomberg News
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