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 8/19/08 For wk 8/16 2008 | |||||||||||||||
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Highlights
Chain-store sales are still easing in early August, according to ICSC-UBS's year-on-year same-store tally which shows a 2.4 percent rate for the Aug. 16 week vs. 2.6 percent in the prior week. Week-on-week, sales inched 0.1 percent higher but against an easy comparison. Redbook's tally for the Aug. 9 plunged 2 percentage points for the steepest drop in memory. Redbook's results for the Aug. 16 week will be posted at 8:55 a.m. ET.
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