Chain-store sales slowed abruptly in the December 1 week compared to the surge of Black Friday week. ICSC-Goldman's same-store sales index fell 3.1 percent week-to-week and slowed to plus 3.2 percent from plus 4.0 percent year-on-year. Yet the 3.2 percent pace is still very strong for this reading and points to solid momentum going into December. 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.
Why Investors Care