Hurricane Sandy kept consumers indoors during the November 3 week but made for only a modest 0.2 percent decline in ICSC-Goldman's same-store sales index. But the year-on-year rate shows more effect, at plus 1.4 percent which is down almost in half from the prior week and is the lowest rate since June. But ICSC-Goldman sees a snap-back in the November 10 week as both consumers and retailers begin to resume normal shopping patterns and recover from Sandy's aftermath. 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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