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 4/29/08 For wk 4/26 2008 | |||||||||||||||
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Highlights
ICSC-UBS reports strength in the April 26 week with same-store sales at a year-on-year +1.9 percent, up 5 tenths from the prior week and the best rate since early March. Week-on-week the gain is 0.9 percent. Strength came despite high gas prices and unseasonably cold weather. The report is consistent with early indications from retailers who are reporting good gains in the month, helped by an easy comparison with a very weak April 2007. Redbook is up next.
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