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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
7/24/07
For
wk 7/21 2007 |
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Store Sales - W/W change
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| Actual |
-0.2%
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| Previous |
0.3
%
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Store Sales - Y/Y
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Actual
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3.0%
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Highlights
Cool weather is giving an early boost to back-to-school shopping, according to the weekly ICSC-UBS report that showed a solid 3.0 percent year-on-year gain in the July 21 week. Sales were down 0.2 percent compared to a very strong July 14 week. The report said sales would have been firmer if not for a run of state tax holidays that begin in early August.
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