Econoday Report: ICSC-UBS Store Sales 6, 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 3/6/07 For wk 3/3 2007

Store Sales - W/W change
Actual	-0.4%
Previous	0.2 %

Store Sales - Y/Y
Actual	1.5%

Highlights
Heavy weather badly hurt retail sales in the March 3 week sending ICSC-UBS's same-store sales index down 0.4 percent week-on-week to a 1.5 percent year-on-year rate, well down from last week's 2.2 percent year-on-year rate and the lowest in more than 3-1/2 years! The report said the weather especially hurt seasonal apparel. It also noted continued weakness in furniture sales. Still, the report expects a respectable 2.5 to 3.0 percent year-on-year rate for the full month of February. Chain stores will post their monthly results on Thursday. Redbook is up next.