Sunday, Jul 24, 2016
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Business Brief

Retail revenue growth declines in July to 3.5%

NEW YORK — Revenue at stores open at least a year — an industry measure of a retailer’s health — rose 3.5 percent in July, the slowest pace since March, according to a tally of 11 retailers released Thursday by the International Council of Shopping Centers.

The figure, which excludes drugstores, was below a 5.5 percent rise in June. Costco Wholesale Corp. was among the retailers with disappointing figures.

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