U.S. Chain Store Sales Ticked Up
August 26, 2008
By Tom Moeller
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· During the last ten years there has been a 45% correlation between the y/y change in chain store sales and the change in nonauto retail sales less gasoline. · The ICSC-UBS retail chain-store sales index is constructed using the same-store sales (stores open for one year) reported by 78 stores of seven retailers: Dayton Hudson, Federated, Kmart, May, J.C. Penney, Sears and Wal-Mart. · The leading indicator of chain store sales from ICSC-UBS increased 0.5% (-4.8% y/y) after having been unchanged during the week prior. · The chain store sales figures are available in Haver's SURVEYW database. · Monetary Policy in Uncertain Times (With a Salute to Julius Squeezer and Mr. Bean) are remarks made by Dallas Fed President Richard W. Fisher and they can be found here
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| ICSC-UBS (SA, 1977=100) | 08/22/08 | 08/15/08 | Y/Y | 2007 | 2006 | 2005 |
| Total Weekly Chain Store Sales | 494.7 | 493.8 | 2.3% | 2.8% | 3.3% | 3.6% |
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