Chain Store Sales Up 0.1%

New York, NY, July 3, 2007— New York, NY, June 19, 2007—Chain store sales increased 0.1% for the week ended June 30, verses the prior week, according to a survey by the International Council of Shopping Centers and UBS Securities. Compared with the year earlier period sales were up 2.5%.

"The fee' of the consumer spending trend might best be characterized as slow, choppy and uncertain," said Michael Niemira, chief economist for ICSC. "Though more retailers seemingly share this view, we continue to believe that slower spending trends have been largely in place since February."