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 9/25/07 For wk 9/22 2007 | |||||||||||||||
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Highlights
Chain-store sales softened in the Sept. 22 week, according to ICSC-UBS's tally of same-store sales that showed a 1.0 percent week-on-week decline for a 2.4 percent year-on-year pace that is down 5 tenths from the prior week's pace. The report said higher gas prices are hurting sales in general while warm weather is hurting sales of seasonal apparel. Redbook is up next.
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