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 8/26/08 For wk 8/23 2008 | |||||||||||||||
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Highlights
Chain store sales are proving soft in August, at a 2.3 percent year-on-year pace in the Aug. 23 week for same-store sales that's down from a peak of 2.9 percent at the outset of the month. But week-to-week, sales did improve 0.2 percent. The report said wet and comparatively cold weather offset the benefit of lower gas prices. Redbook is up next.
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