2013 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar

ICSC-Goldman Store Sales
Released On 9/17/2013 7:45:00 AM For wk9/14, 2013
PriorActual
Store Sales - W/W change1.5 %-1.6 %
Store Sales - Y/Y2.3 %3.2 %

Highlights
ICSC-Goldman's results are mixed and hard to read in the September 14 week with a sharp 1.6 percent weekly decline offset by a 9 tenths surge in the year-on-year sales to plus 3.2 percent. Without providing much detail, the report notes that the weekly decline just about reverses the prior week's 1.5 percent jump. But the report does provide detail on the year-on-year rate which is the strongest since January and which it attributes to wide strength led by drug stores and department stores. Looking at the 4-week trend, sales are little changed from August. Redbook, which has been reporting increasing strength in recent weeks, will be posted 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
 
 

powered by  [Econoday]