ICSC-Goldman reports a softening in retail sales for the May 1 week, down 0.4 percent for a still very healthy adjusted year-on-year pace of plus 4.4 percent. The report continues to call for a full-month April unadjusted year-on-year pace of flat to slightly negative, well down from the report's calendar-inflated spike of 9.0 percent in March. This report has been trending much higher through April than Redbook where the year-on-year pace has been in the mid 2 percent range. Redbook is up at 8:55 a.m. 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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