Retailers see slow start to back-to-school season

NEW YORK

Revenue at stores open at least a year -- an industry measure of a retailer's health-- rose 3.8 percent in July, the slowest pace since March, according to a preliminary tally of 10 retailers by the International Council of Shopping Centers. The figure was below a 5.5 percent increase in June.

Costco Wholesale Corp. was among the retailers posting disappointing figures.

Only a sliver of retail chains now report monthly sales figures. But Thursday's figures add to other evidence that shoppers are being cautious about their back-to-school purchases.

Take ABC13 with you!
Download our free apps for iPhone, iPad, and Android devices

Copyright © 2024 KTRK-TV. All Rights Reserved.