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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
6/12/07
For
wk 6/9 2007 |
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Store Sales - W/W change
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| Actual |
1.0%
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| Previous |
-0.5
%
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Store Sales - Y/Y
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Actual
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2.1%
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Highlights
Lower gas prices boosted store sales in the June 9 week according to ICSC-UBS's tally which jumped 1.0 percent in the June 9 week. But the year-on-year rate for the week actually dipped 2 tenths to a very modest 2.1 percent. The report offered no explanation for the discrepancy in the weekly and annual rates. Redbook is up next.
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