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 August Same Store Sales Improve, TNS Retail Forward Reports
August same store sales growth improved to 3.0% from the prior month but weakened from the prior year for 49 retailers reporting monthly results today, TNS Retail Forward reports.
August’s result is up from a 2.9% sales-weighted composite reported last month and down from the 3.9% composite reported in August of 2006.
“Shoppers were not spooked like stock market investors by fears of a credit crunch. But that only means that the fallout for households will hit home more gradually in the coming months,” said Frank Badillo, Senior Economist and Director of the Retail Forward KnowledgeBase™.
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