2009 Economic Calendar
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ICSC-Goldman Store Sales
Released on 12/8/2009 7:45:00 AM For wk12/5, 2009
PriorActual
Store Sales - W/W change-0.1 %-1.3 %
Store Sales - Y/Y3.1 %2.6 %

Highlights
ICSC-Goldman is warning that consumers have fallen behind in their holiday shopping, setting up what they see as a last-minute rush in the final days ahead of Christmas. In data for the Dec. 5 week, ICSC-Goldman's same-store sales tally fell 1.3 percent for a year-on-year pace of plus 2.6 percent, down from a pace in the low 3 percent area during the prior two weeks. The report forecasts only a 2.0 percent year-on-year rise for the month of December, down slightly from its forecast for November. November retail sales will be posted Friday by the Commerce Department. Redbook's tally for the Dec. 5 week will be posted at 8:55 a.m. ET.

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
 


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