Econoday Economic Report: ICSC-Goldman Store Sales March 27, 2012

2012 Economic Calendar

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ICSC-Goldman Store Sales

Released On 3/27/2012 7:45:00 AM For wk3/24, 2012

	Prior	Actual
Store Sales - W/W change	0.9 %	-0.5 %
Store Sales - Y/Y	3.3 %	2.7 %

Highlights
There's not much life in the retail sector based on ICSC-Goldman whose year-on-year same-store sales rate is only plus 2.7 percent in the March 24 week. For the last month, this indicator's year-on-year rate has been sagging at one-year lows and near the very worst levels of the recovery. Details in the latest report include a minus 0.5 percent week-on-week dip and comments that this year's earlier Easter (April 8 vs April 24) may give a specific boost to apparel sales. The year-on-year rate for rival indicator Redbook, in contrast to ICSC-Goldman, has been on the climb for the last month. Redbook will be posted later this morning 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