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Economy in Brief

U.S. Chain Store Sales Rebounded Some
by Tom Moeller October 5, 2004

Chain store sales rebounded a modest 0.3% last week following two weeks of pounding by hurricanes, according to the International Council of Shopping Centers (ICSC)-UBS.

Sales began October 0.4% below the September average which fell 0.7% versus August.

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) 10/02/04 09/25/04 Y/Y 2003 2002 2001
Total Weekly Retail Chain Store Sales 435.0 433.5 2.6% 2.9% 3.6% 2.1%
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