2014 Economic Calendar
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ICSC-Goldman Store Sales
Released On 4/1/2014 7:45:00 AM For wk3/29, 2014
PriorActual
Store Sales - W/W change-1.5 %3.6 %
Store Sales - Y/Y1.7 %0.6 %

Highlights
Easter shifts play havoc with weekly data on retail sales, evident in ICSC-Goldman's same-store sales tally which surged 3.6 percent in the March 29 week while the year-on-year rate plunged 1.1 percentage points to only plus 0.6 percent. This year's Easter is three weeks later than last year which is depressing the current year-on-year rates, though these rates will soon begin to spike with easy comparisons as Easter approaches. The week-to-week rate, however, is very solid and comes despite unusually cold temperatures for the last week of March, the fourth coldest in fact in more than 23 years. Redbook will post its 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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