2009 Economic Calendar
POWERED BY  econoday logo
Resource Center »  U.S. & Intl Recaps   |   Release Dates   |   Event Definitions   |   Today's Calendar

ICSC-Goldman Store Sales
Released on 11/24/2009 7:45:00 AM For wk11/21, 2009
PriorActual
Store Sales - W/W change-0.1 %0 %
Store Sales - Y/Y2.4 %3.3 %

Highlights
Easy year-over-year comparisons look to make for strong mid-single-digit gains for November same-store sales, according to ICSC-Goldman. The week-to-week pace in the Nov. 21 week was unchanged but not the year-on-year pace which rose nearly 1 full percentage point to plus 3.3 percent for the best reading in more than two years. The report sees this rate increasing in the Nov. 30 week, predicting strong sales on what it calls "Bargain" Friday and also strong sales on the following Saturday. But year-on-year comparisons are not what the financial markets move on. It's month-on-month that counts. Redbook, up at 8:55 ET, does offer a November-to-October measure.

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
 


Order the 2010 Econoday Investor's Journal Print Edition
powered by [Econoday] [Apple App Store]
[Econoday on Kindle]