Econoday Report: ICSC-UBS Store Sales 9, 2007

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ICSC-UBS Store Sales

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

Released on 1/9/07 For wk 1/6 2007

Store Sales - W/W change
Actual	0.7%
Previous	0.3 %

Store Sales - Y/Y
Actual	3.4%

Highlights
Same-store sales popped up solidly in the Jan. 6 week, according to ICSC-UBS's tally that showed a 0.7 percent week-on-week gain a 3.4 percent year-on-year gain. The report offered little explanation for the gain but it did offer important data on gift cards, saying purchases of the cards increased only slightly this year but that consumers are redeeming cards earlier than usual. Redbook is up next followed by Friday's big retail sales report for December.