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 4/22/08 For wk 4/19 2008 | |||||||||||||||
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Highlights
Spiking gas prices are cutting into discretionary spending, reflected in a 0.7 percent week-to-week decline in ICSC-UBS's same-store sales index and a +1.4 percent year-on-year rate that's down 4 tenths from the prior week. Despite the decline, ICSC-UBS still expects sales for the whole month to come in at a respectable +1.5% to +2.0% year-on-year rate. ICSC-UBS's tally, boosted by warm weather and seasonal adjustments surrounding Easter, has spiked up this month from a nearly zero reading at month-end March. Redbook, which has shown a similar spike, is up at 8:55 a.m. ET.
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