November Chain-Store Sales Up 3.5%

November sales grew next to 3.

5 percent on a year-over-year comparison for the same thirty days of 2006 on a same-store core for U.

S. handcuff stores, according to the International conclave of Shopping Centers, Inc.

Although the overall sales gain for November was the strongest monthly advance since March 2007 (+5.9%), ICSC analysis estimates that in the middle of ¾ and 1 percentage point of the November year-over-year sales strength was due to a calendar mismatch that inflated sales for a figure of retailers.

"Adjusting for the calendar quirk, November sales were in line with fiscal-year trends," said Michael P. Niemira, ICSC’s chief economist and director of research. "We continue to expect comparable-store sales to increase by 2.5 percent during the holiday season (November-December)," said Niemira. "Additionally, we expect an increase of about 1.5 percent for the month of December."

ICSC Chain Store Sales Trends is a monthly report on the U.S. retail industry’s sales achievement based on an ICSC preliminary compilation of publicly-available sales for 46 chain stores during the month of November. Industry sales aggregates are compiled for same-store sales and for total store sales. Those data are presented as an index with a 1977=100 base.

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