Heavy weather continues to pull down retail sales with the ICSC-Goldman same-store sales index at minus 0.3 percent in the February 9 week. The year-on-year rate, however, popped back into positive territory, to a moderate plus 2.3 percent from zero in the prior week. Redbook is up next at 8:55 a.m. ET.
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.
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