2013 Economic Calendar
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ICSC-Goldman Store Sales
Released On 12/17/2013 7:45:00 AM For wk12/14, 2013
PriorActual
Store Sales - W/W change-1.6 %4.8 %
Store Sales - Y/Y1.5 %2.0 %

Highlights
Same-store sales shot up 4.8 percent in the December 14 week, boosted by an easy comparison with weakness in the prior week and what ICSC-Goldman describes as accelerated holiday-gift completion which ended the week at two thirds for a 14 percent year-on-year rise from the same time last year. The report notes that promotions continue to the be "the name of the game." Despite the strength in the latest week, the year-on-year pace for same-store sales remains modest, at only plus 2.0 percent. The report describes the trend this holiday as "subdued." Redbook, whose trend has been slightly stronger, 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
 

 

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