Chicago ShopperTrak RCT Corp.'s National Retail Sales Estimate Tuesday reported that retail sales for the week ending June 14 increased a healthy 6.1% compared to the same period last year as consumers took advantage of Fatherâ€™s Day sales promotions to purchase gifts and seasonal summer merchandise.
Sales for the week ending June 14 vs. the previous week ending June 7 rose 7.2%.
â€śLast weekâ€™s sales performance highlights what retailers have seen for several monthsâ€”consumers are continuing to spend at a steady pace despite the myriad economic pressures theyâ€™re feeling,â€ť said Bill Martin, co-founder of ShopperTrak. â€śWhile we fully expect GAFO retail sales to return to slower, more seasonal levels in late June, retailers should see a spike again in early July as consumers prepare for the July 4th weekend.â€ť
Additionally, ShopperTrak reported year-over-year sales have increased 17 out of a possible 24 weeks so far in 2008.