Econoday Report: ICSC-Goldman Store Sales November 3, 2009

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ICSC-Goldman Store Sales

Released on 11/3/2009 7:45:00 AM For wk10/31, 2009

	Actual
Store Sales - W/W change	0.1 %
Store Sales - Y/Y	1.9 %

Highlights
Warm weather held back retail sales in the Oct. 31 week according to ICSC-Goldman's weekly chain-store index which rose 0.1 percent for a year-on-year pace of plus 1.9 percent, well down from 2.4 percent and 2.8 percent in the prior two weeks. For the month as a whole, the report said sales performed "reasonably well" though the report, as usual, is issuing no month-to-month estimate. Redbook, released today at 8:55 ET, does issue a month-to-month estimate.

Definition
This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales. Why Investors Care