Econoday Economic Report: ICSC-Goldman Store Sales September 5, 2012

2012 Economic Calendar

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ICSC-Goldman Store Sales

Released On 9/5/2012 7:45:00 AM For wk9/1, 2012

	Prior	Actual
Store Sales - W/W change	0.5 %	-0.4 %
Store Sales - Y/Y	3.4 %	3.7 %

Highlights
Mixed is ICSC-Goldman's verdict for chain-store sales during the September 1 week. ICSC-Goldman's same-store tally fell 0.4 percent vs the prior week but the year-on-year rate of plus 3.7 is up 3 tenths and is the strongest in 3-1/2 months. Since mid-August, ICSC-Goldman's year-on-year rate has been moving sharply higher in contrast to a much shallower upward movement in Redbook's tally. Together, though, the two reports are signaling strength for the government's retail sales report for August. Redbook will post its weekly results 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