Econoday Economic Report: ICSC-Goldman Store Sales February 15, 2011

2011 Economic Calendar

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ICSC-Goldman Store Sales

Released On 2/15/2011 7:45:00 AM For wk2/12, 2011

	Prior	Actual
Store Sales - W/W change	2.2 %	-1.4 %
Store Sales - Y/Y	2.5 %	2.7 %

Highlights
Same-store chain sales fell 1.4 percent in the February 12th week, a drop reflecting what the report says were "mixed" conditions in the week but one however that isn't hurting the year-on-year comparison which rose two tenths to plus 2.7 percent. The four-week average for the year-on-year rate turned up three tenths to plus 2.4 percent to end four straight weeks of erosion. The report says the year-on-year rate offers "proof" that positive consumer fundamentals remain in place. ICSC-Goldman sees a solid year-on-year gain of plus 2.5 to 3.0 percent for February as a whole. The government will release the January retail sales report at 8:30 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