Start trading forex from zero we give you 5 usd as start


ICSC-UBS Chain Store Sales

Tuesday, January 8, 2008

ICSC-UBS Chain Store Sales Up 0.4% In Jan 5 Week

NEW YORK (Dow Jones)--The International Council of Shopping Centers-UBS Retail Chain Store Sales Index rose by 0.4% in the week to Jan. 5 from its level a week before, on a seasonally-adjusted, comparable store basis.

This result Tuesday followed a 0.2% decline in the prior week and a 2.8% rise the week before that.

"Gift-card redemptions and post-Christmas bargain hunting seemed to drive consumer demand over the last week," said Michael P. Niemira, ICSC chief economist and director of research.

On a year-on-year basis, retailers saw sales increase by 1.9% in the latest week. That compares with a rise of 2.3% year-on-year the prior week.

Week Ending Index 1977=100 Yr/Yr Change Weekly Change
05-Jan-08 489.6 1.9% 0.4%
29-Dec-07 487.7 2.3% -0.2%
22-Dec-07 488.8 2.8% 2.8%
15-Dec-07 475.7 2.1% 1.4%

-By Riva Froymovich, Dow Jones Newswires;

Posted by MOHAMED SAID at 5:56 AM  


Post a Comment

My site was nominated for Best Business Blog! TopOfBlogs

Free Blog Counter

blog directory Business Top Finance blogs