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Economy in Brief

Chain Store Sales Ticked Higher
by Tom Moeller July 20, 2004

Chain store sales ticked 0.2% higher last week following no change the prior period, according to the International Council of Shopping Centers (ICSC)-UBS.

So far in July sales are up 0.1% versus the June average which fell 0.8% from May.

During the last ten years there has been a 59% correlation between y/y change in chain store sales and the change in non-auto retail sales less gasoline.

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.

ICSC-UBS (SA, 1977=100) 07/17/04 07/10/04 Y/Y 2003 2002 2001
Total Weekly Retail Chain Store Sales 439.2 438.5 3.3% 2.9% 3.6% 2.1%
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