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 9/3/08 For wk 8/30 2008 | |||||||||||||||
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Highlights
Same-store sales were steady and soft in the Aug. 30 week, edging 0.1 percent higher from the prior week but at a 2.2 percent year-on-year rate that's the weakest since mid-July. The report said promotions in the month of August were heavy, helping to stimulate traffic but at the same time limiting sales totals. The report sees August sales at +2.0 percent, down from +2.5 in July. Redbook is up next.
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