This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales. Why Investors Care
| Released on 1/3/07 For wk 12/30 2007 | |||||||||||||||
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Highlights
Late Christmas and post-Christmas sales showed strength, according to ICSC-UBS's index that rose 0.3 percent in the Dec. 30 week for a respectable year-on-year pace of 2.8 percent vs. 1.7 percent in the prior week. The report noted that Dec. 26 was a holiday last year and a strong shopping day, a calendar factor that held back the year-on-year comparison. The report said same-store sales are likely to come in at 2.5 percent for the month, in line with the pre-holiday trend. Redbook is up later this morning followed by chain-store reports tomorrow.
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