Same Store Retail Sales Slow, Still Strong

Same store sales were up 4.0 percent year-on-year in the June 2 week, slowing by 0.3 percentage points following strong acceleration in the prior week. Month-to-date sales versus the prior month were up 0.1 percent, while the full month year-on-year gain remained steady at 4.1 percent, matching the second strongest reading of the year. Strong sales results by retailers in Redbook's same store sample continue to point to strong ex-auto ex-gas retail sales.