Retailers Post Modest June Sales Gains

NEW YORK — A late Memorial Day holiday helped retailers post improved same-store sales in June, but economists were cautious about a prolonged retail rebound.

NEW YORK — A late Memorial Day holiday helped retailers post improved same-store sales in June, but economists were cautious about a prolonged retail rebound.

A weighted composite of 31 retailers reporting monthly sales results Thursday for the five-week period that ended July 3 showed a same-store sales gain of 3.2% — up from 2.7% in May and well ahead of a 4.7% decline in June of last year, noted Kantar Retail, Columbus, Ohio. But momentum could be challenged in coming months

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