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Monday, 19th July 2004 (5667 views)

Retail sales in the US have reported a considerable growth according to ShopperTrak's National Retail Sales Estimate (NRSE).<BR/><BR/>For the week ending July 10, sales increased by 11.3 per cent compared to the same week last year and consumer confidence appears high.<BR/><BR/>Michael Niemira, chief economist and director of research for the International Council of Shopping Centers told JCK: "Despite some worry about the sustainability of consumer spending, the robust sales figures through June suggest there is no reason for concern."<BR/><BR/>It is hoped clearance sales will also help to ensure that retail sales continue to perform well.<BR/><BR/>Weekly sales results also saw a slight increase of 0.7 per cent.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3060412"/>

 

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