Econoday Report: ICSC-UBS Store Sales 24, 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 4/24/07 For wk 4/21 2007

Store Sales - W/W change
Actual	-0.3%
Previous	-0.6 %

Store Sales - Y/Y
Actual	2.1%

Highlights
Retailers warned that gains in March would not be matched in April, and ICSC-UBS's index offers perhaps the earliest evidence of a month-to-month give back. Year-on-year sales were at only a 2.1 percent pace in the April 21 week, down 2 tenths in the week and down from a 4.9 percent peak only three weeks ago. The week-on-week decline was 0.3 percent. The Easter calendar shift is behind April's slowdown as is unusually cold weather which is holding back sales of seasonal items. Redbook is up next.