2013 Economic Calendar
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ICSC-Goldman Store Sales
Released On 5/7/2013 7:45:00 AM For wk5/4, 2013
PriorActual
Store Sales - W/W change0.4 %-1.0 %
Store Sales - Y/Y2.6 %2.4 %

Highlights
Last week was soft for chain stores with same-store sales at a year-on-year pace of plus 2.4 percent, down 2 tenths from the prior week's rate. Week-to-week, sales fell a sizable 1.0 percent. The report cites an uptick in gasoline prices as a negative but, as a positive, notes rising high-end consumer confidence. Despite the weakness in the latest rates, the report says sales are on track and sees no significant shift for the April retail sales report from the government. Redbook will post its weekly results later this morning at 8:55 a.m. ET.

Definition
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.  Why Investors Care
 
 

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