Econoday Report: ICSC-Goldman Store Sales January 13, 2009

ICSC-Goldman Store Sales

Released on 1/13/2009 7:45:00 AM For wk1/10, 2009

	Prior	Actual
Store Sales - W/W change	1.4 %	-2.3 %
Store Sales - Y/Y	-0.8 %	-2.2 %

Highlights
Same-store sales weakened yet further in the Jan. 10 week, down 2.3 percent from the prior week and down 2.2 percent from the year-ago week. ICSC-Goldman said consumers seemed to be resolved to curb their shopping, that combined with bad weather and falling use of gift cards made for the worse single week in more than two years. The report expects sales for the month of January to drop 2 to 3 percent. Redbook is up next.

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