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by Tom Moeller June 3, 2008
The International Council of Shopping Centers reported that chain store sales slid 0.8% last week from the week earlier.
The latest weekly sales decline pulled the total during all of May down 0.9% from April; during which sales rose 1.0%. During the last ten years there has been a 45% correlation between the y/y change in chain store sales and the change in nonauto retail sales less gasoline.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.
During the latest week, the leading indicator of chain store sales from ICSC-UBS was unchanged week-to-week and was down 3.0% from one year earlier.
The chain store sales figures are available in Haver's SURVEYW database.
| ICSC-UBS (SA, 1977=100) | 05/31/08 | 05/24/08 | Y/Y | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|
| Total Weekly Chain Store Sales | 484.3 | 488.2 | 1.2% | 2.8% | 3.3% | 3.6% |
