Heavy snowfall made for a 2.5 percent decline in ICSC-Goldman's same-store sales index in the February 9 week. The report says the snowfall hurt sales of discretionary goods though it did increase sales of basics and gave a boost to grocery stores, wholesale clubs and drug stores. Redbook will post its weekly 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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