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 6/24/08 For wk 6/21 2008 | |||||||||||||||
| |||||||||||||||
Highlights
ICSC-UBS reports a 0.6 percent week-to-week decline in same-store chain sales for the June 21 week, evidence it said that consumers are being stingy with their federal tax rebates, two thirds of which have now been disbursed. But the year-on-year rate of 2.2 percent is up 1 tenth in the week and is one the very best readings so far this year. Last week's Redbook report showed the best reading of the year at 2.3 percent rate. Redbook data for the June 21 week will be posted at 8:55 a.m. ET.
powered by
![[Econoday]](../../../../../../../../../images/logo.gif){kind=logo}