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 11/27/07 For wk 11/24 2007 | |||||||||||||||
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Highlights
ICSC-UBS reports no better than mixed results for the start to the holiday shopping season. ICSC-UBS's weekly tally slipped 0.1 percent though year-on-year growth improved 3 tenths to a still thin 2.5 percent. The report sees no better than 2.5 percent growth for the full month of November. Chain stores will report November sales a week from Thursday. Redbook's take on Black Friday follows later this morning.
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