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 12/18/07 For wk 12/15 2007 | |||||||||||||||
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Highlights
The year-on-year growth rate for ICSC-UBS's same-store chain sample edged 2 tenths lower in the Dec. 15 week to a soft 2.1 percent. But the report was upbeat, saying some retailers saw increases despite the week's heavy weather. Week-on-week sales, distorted by calendar effects, were in fact very strong, up 1.4 percent vs. a 2 tenths gain in the prior week and a steep 2.0 percent drop the week before. Redbook is up next.
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