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Economy in Brief

Chain Store Sales Recovered Some
by Tom Moeller February 22, 2006

Chain store sales last week recovered half of the prior period's drop with a 0.2% advance, according to the International Council of Shopping Centers (ICSC)-UBS survey.

Because a sharp 2.0% jump during the opening week of the month, sales so far in February are 0.7% ahead of the January average which rose 1.0% from December.

The leading indicator of chain store sales fell for the third consecutive week and the 0.4% w/w decline lowered the February level 1.6% 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) 02/18/06 02/11/06 Y/Y 2005 2004 2003
Total Weekly Chain Store Sales 461.9 460.9 3.7% 3.6% 4.7% 2.9%
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