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By Andria Cheng
Last update: 7:46 a.m. EDT June 24, 2008
NEW YORK (MarketWatch)– Chain-store sales for the week ended June 21 rose 2.2% from the year-ago period, according to a survey released Tuesday by the International Council of Shopping Centers and UBS Securities. On a week-over-week basis, sales dropped 0.6% as consumers’ willingness to spend remains “measured and modest,” ICSC said. “Although there has been some relief at the pump this past week and the fact that most consumers have received their stimulus check, consumers remain conservative in their overall spending patterns,” said Michael Niemira, ICSC chief economist. He forecast June sales to increase by between 2% to 3%.

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Technorati Tags: Andria, Chain Store Sales, Chief Economist, Consumers, Icsc, International Council Of Shopping Centers, June 21, June 24, Marketwatch, Rose, Stimulus, Ubs, Ubs Securities, Willingness