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Economy in Brief

U.S. Chain Store Sales Little Changed
by Tom Moeller September 8, 2004

Chain store sales slipped ticked slightly higher last week but the level of sales was little changed from four weeks ago according to the International Council of Shopping Centers (ICSC)-UBS.

Sales began September 0.2% below the August average which was unchanged from July.

During the last ten years there has been a 60% 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) 09/04/04 08/28/04 Y/Y 2003 2002 2001
Total Weekly Retail Chain Store Sales 438.6 438.4 2.1% 2.9% 3.6% 2.1%
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