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 7/22/08 For wk 7/19 2008 | |||||||||||||||
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Highlights
Growth in consumer spending at retailers held solid in the July 19 week, according to ICSC-UBS's same-store tally which shows a 0.1 percent week-to-week increase for a solid 2.5 percent year-on-year pace -- the strongest year-on-year pace since December. The report said a pull back in gasoline prices along with clearance sales helped boost results. Redbook is up next at 8:55 a.m. ET.
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