ICSC-UBS Chain Store Sales Down 2.0% In Dec 1 Week

NEW YORK (Dow Jones)--The International Council of Shopping Centers-UBS Retail Chain Store Sales Index fell by 2.0% in the week to Dec. 1 from its level a week before, on a seasonally-adjusted, comparable store basis. This result Tuesday followed a 0.1% decline in the prior week. "With the first full week of holiday shopping completed, retailers once again are seeing mixed results," the ICSC said in a statement. Retailers saw sales increase by 3.1% year-on-year, compared with a rise of 2.5% the prior week, but saw a "hefty" sales decline on a weekly basis, the Council said.