Highlights
ICSC-Goldman reports mixed results in the February 16 week with the week-to-week same-store measure jumping 2.7 percent while the year-on-year rate slowed slightly to a very soft plus 1.8 percent. The results mirror what the report describes as uneven conditions. It notes that Valentine's Day was a positive in the week but was offset by rising gasoline prices, this year's increase in payroll taxes, and the slower pace of this year's tax refunds. Following the results, ICSC-Goldman is now paring back its full-month growth estimate for February by 50 to 100 basis points to 2.5 to 3.0 percent. Redbook will post its results later this morning at 8:55 a.m. ET.