Econoday Economic Report: ICSC-Goldman Store Sales April 3, 2012

2012 Economic Calendar

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ICSC-Goldman Store Sales

Released On 4/3/2012 7:45:00 AM For wk3/31, 2012

	Prior	Actual
Store Sales - W/W change	-0.5 %	3.8 %
Store Sales - Y/Y	2.7 %	4.2 %

Highlights
The approach of Easter helped give a big 3.8 percent week-on-week lift to same-store sales. ICSC-Goldman's year-on-year rate also jumped, up 1.5 percentage points to plus 4.2 percent for the strongest rate so far this year. Easter, which falls of April 8 this year vs April 24 last year, always clouds retail readings but ICSC-Goldman is stressing that the strength it sees goes beyond calendar effects. Redbook, whose year-on-year rate has been trending one full percentage point above ICSC-Goldman for the last month, will be posted 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