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 8/21/07 For wk 8/18 2007 | |||||||||||||||
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Highlights
Sales at the nation's retailers popped back up in the Aug. 18 week, gaining 0.2 percent week-on-week for a still moderate 2.7 percent year-on-year rate. The report said a tax break helped sales in Texas while hot weather in the South cleared out summer goods and cold weather in the Northeast moved fall apparel. The report also noted that neither high gas prices nor the turmoil in the financial markets are hurting spending. Redbook is up next.
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