= Redbook: US Retail Sales -1.6% First 4 Weeks July Vs June
WMT | Quote | Chart | News | PowerRating -- National chain store sales fell 1.6% in the first four weeks of July versus the previous month, according to Redbook Research's latest indicator of national retail sales released Tuesday.
The latest numbers are starkly different from recent weeks because they don't include Wal-Mart Stores Inc. (WMT), which said last month it would no longer provide monthly sales figures.
The fall in the index was compared to a targeted 0.9% drop.
The Johnson Redbook Index also showed seasonally adjusted sales in the period were down 5.6% compared with July 2008, compared to a targeted 6% fall.
Redbook said that on an unadjusted basis, sales in the week ended Saturday were down 5.4% from the same week in 2008 after a 5.5% decline the prior week.
The firm added some retailers reported "somewhat firmer sales toward the weekend, which they attributed to the beginning of back-to-school demand." Sales of electronics are expected to grow in the next few weeks.
For the four-week month of August, ending Aug. 29, the firm expects a 4.9% drop in same-store sales.
-By Kerry Grace Benn, Dow Jones Newswires; 212-416-2353; kerry.grace@dowjones.com
(END) Dow Jones Newswires
08-04-09 0856ET
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