Lower prices at the pump contributed to a 4.2 percent gain in chain store sales last week, according to the International Council of Shopping Centers and Goldman Sachs.
The pickup in sales for the week ended Saturday was accompanied by a 0.6 percent gain on sales in comparison to the prior week, just the second time in four weeks that both metrics had risen. In the week ended Aug. 2, year-over-year sales rose 4.5 percent while sequential sales increased 0.2 percent. That matched the sequential increase of the prior week, when year-on-year sales were up 4.6 percent.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"