U.S. chain-store sales rose 3.8 percent this past week compared with one year ago, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. Little change in comparable store sales was recorded from the prior week though. ICSC expects comparable store sales at the chains to register a 3 percent to 4 percent increase, RAPAPORT reported.
"Easy comparisons continue to lift sales—though not as much as the prior week— while the abnormally hot weather helped drive some customer traffic in some regions," said Michael Niemira, ICSC director of research and chief economist. "The retail industry is in the transition period between summer clearance and back-to-school with back-to-school really kicking in during early August as a wave of states have their state sales tax holidays to help consumers as they head back into school."
Rough&Polished

In July 2007, the Namibian arm of Diamond Trading Company announced competitive selection among the country’s diamond cutting factories to be included into the first list of NDTC sightholders. At that time, Hard Stone Processing (Pty) Ltd (HSP) was already working in Namibia as an independent manufacturer and its factory successfully occupied a strong position among the leading sightholders turning into one of the three top diamond cutting companies in Namibia. Its CEO Burhan Seber gave this interview to Rough&Polished.
Botswana diamond miner, Debswana recently said that the temporary dip in diamond prices will likely see the company producing just below its target of 25 million carats for 2011. However, Esther Kanaimba-Senai, the Group’s Manager for Corporate and Public Affairs, told Rough&Polished in an interview that Debswana was not in trouble.
Malca-Amit is a full service courier company with a 21 year record of providing the highest quality personalised service and the most efficient logistic solutions for diamonds, jewelry, gold, coins, bank notes, and valuable documents. Our correspondent in Brussels caught up with Nigel Paxman, CEO of the Malca-Amit Group of Companies, to find out more about this company.
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