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ICSC-UBS Store Sales
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Definition
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
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| Released on
6/5/07
For
wk 6/2 2007 |
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Store Sales - W/W change
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| Actual |
-0.5%
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| Previous |
0.0
%
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Store Sales - Y/Y
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Actual
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2.3%
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Highlights
ICSC's tally was soft in the June 2 week in what could be an ominous sign for Thursday's chain store results and Friday's big retail sales report. Sales came in down 0.5 percent week-to-week and at a 2.3 percent year-on-year pace that was down 6 tenths from the prior week. The report said there were no catalysts to drive sales in the week. May's retail sales results are unusually important given weakness in April that has retailers still wondering whether there has been a shift lower in consumer spending. Redbook is up next.
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