Chain Store Off 0.5% Last Week

New York, NY, November 13, 2007—Chain store sales were off 0.5% for the week ended November 10, according to the International Council of Shopping Centers and UBS Securities. Compared with same week a year ago, sales were up 2.7%.

"Over the last week, the shift toward considerably colder weather than last year seemed to help apparel retailers as consumers began to shop for seasonal merchandise," said Michael Niemira, ICSC's chief economist. For the fiscal month of November, ICSC expects industry same-store sales to increase by about 2.5%.