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 1/8/08 For wk 1/5 2008 | |||||||||||||||
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Highlights
ICSC-UBS reports mixed results for the Jan. 5 week with a solid 0.4 percent week-on-week rise that it attributes to gift card sales but a very soft 1.9 percent year-on-year rate that is the weakest since June. Week-on-week results in this series, due to calendar and seasonal factors, are often very jumpy which puts the focus on the year-on-year rate. Redbook is next up next later this morning and this report has for the last three weeks been showing the lowest year-on-year rates since July.
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