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 11/13/07 For wk 11/10 2007 | |||||||||||||||
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Highlights
Colder weather boosted demand for seasonal apparel in the Nov. 10 week, pushing year-on-year same-store sales growth 3 tenths higher to 2.7 percent for the strongest ICSC-UBS reading since late September. Despite the gain, the week-on-week rate fell 0.5 percent. The report was upbeat and pegs full month sales for November at a mild but respectable 2.5 percent.
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