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Economy in Brief

Chain Store Sales Surged
by Tom Moeller March 1, 2006

Chain store sales surged 1.5% during the last week of February after a 0.2% up tick the prior week, according to the International Council of Shopping Centers (ICSC)-UBS survey.

Strength early and late in the month lifted the average of February sales 0.8% ahead of the January average which rose 1.0% from December.

The leading indicator of chain store sales rose for the first time in four weeks, but the weak 0.1% left the February average 0.5% below January.

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) 02/25/06 02/18/06 Y/Y 2005 2004 2003
Total Weekly Chain Store Sales 469.0 461.9 3.6% 3.6% 4.7% 2.9%
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