The pre-Easter build-up for year-on-year comparisons is beginning to build. ICSC-Goldman reports a plus 3.7 percent year-on-year same-store sales rate for the March 20 week, a week boosted by an easy comparison given this year's earlier Easter (first weekend of April vs. last year's second weekend of April). The 3.7 percent rate is the highest so far of the economic recovery. The week-on-week rate shows less strength at plus 0.1 percent. The report said warm weather helped released pent-up demand. ICSC-Goldman is holding to its full-month target rate for plus 3.0 to 3.5 percent. Redbook is up at 8:55 ET.
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.
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