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 6/3/08 For wk 5/31 2008 | |||||||||||||||
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Highlights
ICSC-UBS's same-store sales report is downbeat for the May 31 week, showing a 0.8 percent week-on-week decline for a very weak 1.2 percent year-on-year rate. The report said there is little evidence that tax rebates are helping spending. Redbook is up at 8:55 a.m. ET. Chain stores will report their results on Thursday while vehicle sales, which are not tracked by ICSC-UBS or Redbook, will be posted through this session.
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