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 11/20/07 For wk 11/17 2007 | |||||||||||||||
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Highlights
ICSC-UBS's data for the Nov. 17 week are hard to read, showing a steep 0.8 percent week-to-week jump but a soft 2.2 percent year-on-year rate that is 3 tenths below the prior week. The week-to-week readings in this report are often volatile, reflecting calendar effects such as greater gift buying in the current week. The report said conclusions for the month of November can't be drawn until after the coming Black Friday weekend which kicks off the holiday shopping season. Redbook is up next at 8:55 a.m. ET.
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