Econoday Report: ICSC-UBS Store Sales 6, 2008

2008 U.S. Economic Events & Analysis

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ICSC-UBS Store Sales

Definition
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 5/6/08 For wk 5/3 2008

Store Sales - W/W change
Actual	-0.2%

Store Sales - Y/Y
Actual	2.3%

Highlights
ICSC-UBS's same-store sales data for the May 3 week were mixed, showing a week-to-week decline of 0.2 percent but a year-on-year rate of 2.3 percent that is up 4 tenths from the prior week for the strongest reading since February. The year-on-year rate is getting a lift from an easy comparison with this time last year. ICSC-UBS expects same-store sales to post a respectable 1.5 to 2.0 percent rise for all of April, a gain that would point to solid month-to-month results for the non-auto non-gas category of April's retail sales report from the Commerce Department. Redbook is up next.