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U.S. Retail Sales Gain During Week
Tuesday, 10-Jun-2008 10:05AM United Press International
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WASHINGTON, June 10 (UPI) -- Retail sales in the United States rose 1.7 percent on the week ending June 7, the International Council of Shopping Centers-USB reported Tuesday.

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The shopping index "snapped back" after six weeks of declines but rose by "only a sluggish 1.8 percent" from a year ago, the weekly report said.

"The six-week stretch of colder year-over-year conditions is over" but shopping was curbed by flooding and tornadoes in the Midwest region, ICSC reported.

High gasoline prices also continue to dampen sales with the national average price of unleaded hitting a record for the 11th consecutive week, reaching $4.039 per gallon on June 7, the report said.

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