ICSC-Goldman reports a 1.7 percent plunge in same-store sales during the July 28 week, driving the year-on-year to only plus 1.8 percent for one of the lowest rates of the recovery. The report doesn't cite any specific factors for the slowing only that consumers weren't interested in shopping. ICSC-Goldman still sees full month sales coming in at a respectable year-on-year rate of plus 3.0 to 3.5 percent. Redbook will post its results later this morning at 8:55 a.m. ET.
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.
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