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Economy in Brief

Chain Store Sales Dipped Last Week
by Tom Moeller February 14, 2006

Chain store sales dipped 0.4% last week following a 2.0% surge during the opening week of February, according to the International Council of Shopping Centers (ICSC)-UBS survey.

So far in February sales are 0.7% ahead of the January average which rose 1.0% from December.

The leading indicator of chain store sales fell sharply for the second consecutive week The 1.1% w/w decline lowered the February level 1.4% below the January average.

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.

ICSC-UBS (SA, 1977=100) 02/11/06 02/04/06 Y/Y 2005 2004 2003
Total Weekly Chain Store Sales 460.9 462.9 3.3% 3.6% 4.7% 2.9%
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