Post-Christmas bargain hunting helped drive same-store sales up a strong 0.6 percent in the December 29 week, according to ICSC-Goldman's same-store sales index which shows a respectable plus 2.7 percent year-on-year rate. Also helping sales was the week's cold weather which drove up sales of seasonal goods. Redbook's tally will be posted 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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