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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John Vosilla who wrote (19166)	12/21/2004 9:40:40 AM
From: mishedlo	Read Replies (1) of 116555

U.S. retail chains´ same-store sales up 1.6% last week Tuesday, December 21, 2004 1:00:54 PM afxpress.com U.S. retail chains' same-store sales up 1.6% last week WASHINGTON (AFX) -- U.S. retail chains' saw their same-store sales rise 1.6 percent in the week ended Dec. 18 compared to the previous week, according to the latest index tracking shopping activity compiled by the International Council of Shopping Centers and UBS. This followed a week-to-week gain of 1.2 percent that retailers registered in the Dec. 11 week. "With just a few days left before Christmas, consumers continued to pick up their holiday shopping," said Mike Niemira, ICSC's chief economist. He noted that as of Sunday, 31 percent of consumers had totally completed buying holiday gifts, raising prospects for a rush of last-minute shopping. For the holiday season, ICSC affirmed that it foresees sales growth of 2.5 percent to 3.0 percent on a year-over-year basis, according to Niemira.

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