-->Chain Store Sales Up 0.1 Pct on the Week
1 hour, 14 minutes ago
NEW YORK (Reuters) - Sales at U.S. chain stores barely budged last week, the latest evidence that a recent bounce in consumer confidence has yet to translate into better results for the nation's retailers, a report said on Wednesday.
Sales grew a meager 0.1 percent in the week ended May 24, the Bank of Tokyo-Mitsubishi and UBS Warburg said in a joint report. That was just enough to offset a 0.1 percent decline in the prior week. Compared with the previous year, sales for the week grew 3.1 percent.
The BTM/UBSW Weekly Chain Store Sales Snapshot is compiled from a group of major discount, department and chain stores across the country that report their weekly results. The BTM/UBSW index measures sales growth with the year 1977 equaling 100.
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