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 12/11/07 For wk 12/8 2007 | |||||||||||||||
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Highlights
ICSC-UBS's report for the Dec. 8 week shows a week-to-week 0.2 percent gain offset by an 8 tenth tumble in the year-on-year rate to 2.3 percent. The report offers no explanation for the swing in the year-on-year rate which is the steepest in six months. But the report does note, referring to its own consumer surveys, that consumers are pushing back their holiday shopping to the last minute -- perhaps more so than ever and pointing to a "big surge" in demand ahead. Redbook is up next and hopefully will offer a clearer picture of the Dec. 8 week.
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