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 3/25/08 For wk 3/22 2008 | |||||||||||||||
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Highlights
ICSC-UBS reports weak retail sales in the March 22 week, down 0.4 percent compared to the prior week and up only 1.0 percent against the year-ago week. This report has been running less weak than Redbook but the 1.0 percent rate, which is exceptionally low for ICSC-UBS, puts the two reports at about the same level. Remember ICSC-UBS and Redbook both measure same-store sales. Total sales, as measured by Commerce Department data, are running at or just below the rate of inflation.
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