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 7/3/07 For wk 6/30 2007 | |||||||||||||||
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Highlights
Store sales in June didn't prove very strong, according to ICSC-UBS's tally for the June 30 week that showed a 0.1 percent week-on-week gain. Year-on-year the pace looks less weak, at 2.5 percent vs. 1.7 percent in the prior week. But the report definitely stressed weakness, saying sales for the month as a whole were "slow, choppy and uncertain" adding that sales of seasonal goods were hurt by cool weather. ICSC-UBS estimates that June sales will rise by only 1.5 to 2 percent, a bit below its prior estimate and compared with a 2.5 percent rise in May. Redbook is up next.
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