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 5/8/07 For wk 5/5 2007 | |||||||||||||||
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Highlights
Store sales slipped back in the May 5 week, down 0.6 percent week-on-week for an annual pace of 1.7 percent that's down 2 tenths from the prior week. The report cited rising gas prices and unseasonably cool weather for the downtick. ICSC-UBS pegs sales for the full month of April to decline 1 percent due to the Easter calendar shift. Chain stores will post their monthly data on Thursday. Redbook is up later this morning.
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