Econoday Economic Report: ICSC-Goldman Store Sales May 24, 2011

2011 Economic Calendar

Resource Center » U.S. & Intl Recaps | Event Release Dates | Event Definitions | Today's Calendar

ICSC-Goldman Store Sales

Released On 5/24/2011 7:45:00 AM For wk5/21, 2011

	Prior	Actual
Store Sales - W/W change	-2.0 %	-1.0 %
Store Sales - Y/Y	3.2 %	3.1 %

Highlights
The wettest comparable week in 10 years pulled weekly same-store sales down 1.0 percent in the May 21 week, according to ICSC-Goldman which also cites the negative effect of higher gasoline prices. But citing forecasts for warmer weather during the Memorial Day weekend, the report sees strength ahead for seasonal goods. Year-on-year, ICSC-Goldman's tally is very stable, at a respectable plus 3.1 percent. The report sees full month year-on-year sales trending at plus 3.0 to 3.5 percent. Redbook is up at 8:55 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