Econoday Report: ICSC-Goldman Store Sales March 17, 2009

ICSC-Goldman Store Sales

Released on 3/17/2009 7:45:00 AM For wk3/14, 2009

	Prior	Actual
Store Sales - W/W change	0.2 %	-0.1 %
Store Sales - Y/Y	-0.9 %	-1.4 %

Highlights
Cold and wet weather made for a 0.1 percent dip in same-store sales for the March 14 week, pulling the year-on-year rate 5 tenths lower to -1.4 percent. Citing Easter effects, ICSC-Goldman expects March sales to be flat to down. Redbook is up next 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