Released On 12/11/2012 7:45:00 AM For wk12/8, 2012
Store Sales - W/W change
Store Sales - Y/Y
Chain store sales continue to slow as consumers await the last-minute promotions of the final holiday rush, according to ICSC-Goldman whose same-store sales index fell 0.7 percent in the December 8 week. The year-on-year rate of plus 2.5 percent is down from plus 3.2 percent in the prior week and the 4.0 percent surge in the promotion week of Black Friday. Weakness between the two promotion periods is the traditional pattern but the report warns that consumers have fallen behind in their holiday shopping, which points a stepped up pace going into Christmas.
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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