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Economy in Brief

Chain Store Sales Jump
by Tom Moeller April 20, 2004

Chain store sales jumped 1.0% last week following a 0.8% gain the week earlier, according to the International Council of Shopping Centers (ICSC)-UBS survey.

These two strong increases pulled the level of sales in April about even with March.

The ICSC-UBS retail chain-store sales index is constructed using the same-store sales reported by 78 stores of seven retailers: Dayton Hudson, Federated, Kmart, May, J.C. Penney, Sears and Wal-Mart.

During the last ten years there has been a 51% correlation between the year-to-year percent change in the ICSC-UBS measure of chain store sales and consumer sentiment.

ICSC-UBS (SA, 1977=100) 04/17/04 04/10/04 Y/Y 2003 2002 2001
Total Weekly Retail Chain Store Sales 440.3 436.1 5.9% 2.9% 3.6% 2.1%
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