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 2/27/07 For wk 2/24 2007 | |||||||||||||||
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Highlights
ICSC-UBS's report for the Feb. 24 week is hard to read, showing a 0.2 percent week-on-week rise but a very sharp 1.3 percentage point fall in the year-on-year rate to a "much more subdued" 2.2 percent rate. Subdued in fact seems to be the bottom line as the report expects full month chain-store sales, to be released Thursday, to show only a 2.5 percent to 3.0 percent year-on-year gain. The report said weather was a big factor in the latest week, but working both ways with both winter and spring-like weather affecting sales. Redbook, which has consistently been showing slower rates, will be up later this morning.
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