New York, NY, November 15, 2005--Chain store retail sales fell 0.6 percent in the week ended Nov. 12, compared with 1.0 percent rise the previous week, the International Council of Shopping Centers and UBS said in a joint report.
Compared with the same week a year ago, sales slowed to 3.9 percent, after a 4.1 percent rise the preceding week.
"Even with retailer's Veteran's Day sales, retail sales seemed to sway with the warm breezes and overall demand for seasonal goods suffered this past week," said Michael P. Niemira, ICSC's chief economist and director of research.
"Despite this, the month remains on track and we expect comp-store sales to rise by 3.5 to 4.0 percent for November," Niemira added.
The ICSC-UBS Weekly Chain Store Sales Snapshot is compiled from a group of major discount, department and chain stores across the country that report their weekly results.
