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 11/12/08 For wk 11/8 2008 | |||||||||||||||
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Highlights
Retail sales weakened further in the Nov. 8 week, down 1.0 percent week-on-week for a year-on-year pace of only +0.4 percent. ICSC-Goldman warned underlying weakness will restrain sales throughout November. Retail sales for October will be released by the Commerce Department on Friday and are expected to show a rare third straight month of decline.
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