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 12/4/07 For wk 12/1 2007 | |||||||||||||||
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Highlights
ICSC-UBS's chain-store tally for the Dec. 1 showed a strong 3.1 percent year-on-year growth rate for same-store sales, the strongest reading in four months. The week-on-week rate should be ignored, down 2.0 percent and distorted by weekly seasonal factors which the report said are difficult to adjust for. The report pegs year-on-year sales for the month of November at a respectable 2.5 percent. Chain stores will post their November results on Thursday. Redbook's report is up later this morning.
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