2013 Economic Calendar
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ICSC-Goldman Store Sales
Released On 10/15/2013 7:45:00 AM For wk10/12, 2013
PriorActual
Store Sales - W/W change-0.1 %-0.7 %
Store Sales - Y/Y1.8 %1.0 %

Highlights
In an early indication of shutdown-related trouble for October, ICSC-Goldman's same-store sales tally fell a sharp 0.7 percent in the October 12 week with the year-on-year rate falling to plus 1.0 percent which is the lowest rate of the recovery. The 4-week average for the year-on-year rate, at plus 1.6 percent, is also at a recovery low. The report cites the government shutdown as a key factor that is weakening sales across components. Redbook, which reported slowing sales in the prior week, will be posted 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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