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

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To: zonder who wrote (20986)	1/11/2005 9:13:36 AM
From: mishedlo	Read Replies (2) of 116555

U.S. ICSC-UBS weekly chain store sales down 0.6% Tuesday, January 11, 2005 1:04:58 PM afxpress.com NEW YORK (AFX) -- Sales at U.S. retail chain stores fell 0.6 percent in the week ending January 8, according to the weekly index published Tuesday by the International Council of Shopping Centers and UBS. Same-store sales growth was 4.4 percent year-over-year. "January is a month when we typically see slower sales volume, which means that weather can and did play a more pronounced factor this past week as unseasonably warmer temperatures nationwide, snowstorms, and heavy rainfall in Southern California gave consumers a reason to curb some of their spending," said ICSC chief economist and director of research Michael Niemira. He added that gift card redemption will likely boost January sales. The ICSC is expecting the index to gain about 3 percent in January from a year ago

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