2012 Economic Calendar
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ICSC-Goldman Store Sales
Released On 1/10/2012 7:45:00 AM For wk1/7, 2012
PriorActual
Store Sales - W/W change1.2 %-5.4 %
Store Sales - Y/Y5.3 %2.8 %

Highlights
Chain-store sales came crashing back in the January 7 week according to ICSC-Goldman's same-store sales tally which plunged 5.4 percent for the largest weekly decline in data going back to 1989. The year-on-year rate, at plus 2.8 percent, is down very sharply from 5.3 percent in the prior week. The report cites warm weather, and its negative effect on demand for seasonal goods, as the cause for the sharp fall. This week's drop follows four prior weeks of sharp gains for this index, which in December, trended higher than Redbook for the first time since mid year. Redbook is up 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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