Econoday Economic Report: ICSC-Goldman Store Sales October 23, 2012

2012 Economic Calendar

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ICSC-Goldman Store Sales

Released On 10/23/2012 7:45:00 AM For wk10/20, 2012

	Prior	Actual
Store Sales - W/W change	0.0 %	-0.7 %
Store Sales - Y/Y	2.7 %	2.9 %

Highlights
The positive impact from a drop in gasoline prices was offset by unseasonably warm weather to make for a flat week at the nation's chain stores. Same-store sales fell 0.7 percent in the October 20 week, offset by a two tenths rise in the year-on-year rate to plus 2.9 percent which is the best for ICSC-Goldman of the last four weeks. Redbook will post its weekly results later this morning at 11:55 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