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 5/1/07 For wk 4/28 2007 | |||||||||||||||
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Highlights
ICSC-UBS's chain-store index rose 0.5 percent in the April 28 week though the year-on-year pace slipped 2 tenths to 1.9 percent. The report said sales remain flat with the week-on-week gain reflecting warmer temperatures. The report noted that high gas prices, now just below $3 per gallon, have so far had little effect on sales. Redbook is up later this morning.
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