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 8/5/08 For wk 8/2 2008 | |||||||||||||||
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Highlights
Chain store sales, boosted by tax holidays in a number of states and the beginning of the back-to-school season, came in very strong in the Aug. 2 week, at 2.9 percent for the best year-on-year pace of 2008. But week-on-week, reflecting a tough comparison, sales were unchanged. Redbook is up next.
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