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 11/18/08 For wk 11/15 2008 | |||||||||||||||
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Highlights
Lower gasoline prices are not giving store sales a lift, according to ICSC-Goldman's tally that shows a thin 0.3 percent week-to-week rise in the Nov. 15 for a contractionary year-on-year rate of -0.1 percent. The report said rising unemployment is more than offsetting gas prices, pointing to what it said are weak results for the month of November. Redbook is up next.
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