Shoppers are satiated according to ICSC-Goldman whose same-store sales index fell for a second straight week following the holidays, down 0.6 percent in the January 12 week. The year-on-year rate of plus 3.3 percent is down seven tenths from the prior week. But the report doesn't see the lull lasting very much longer, underscoring the overall momentum of retail sales and predicting strengthening in coming weeks. The government's retail sales report for December will be posted later this morning at 8:30 a.m. ET with Redbook to post its results for the January 12 week at 8:55 a.m.
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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