Econoday Report: ICSC-Goldman Store Sales June 2, 2009

ICSC-Goldman Store Sales

Released on 6/2/2009 7:45:00 AM For wk5/30, 2009

	Prior	Actual
Store Sales - W/W change	0.8 %	-0.6 %
Store Sales - Y/Y	0.5 %	0.6 %

Highlights
May was a roller coaster for retail sales ending unfortunately, according to ICSC-Goldman's tally, on a negative note, down 0.6 percent for the May 30 week though the year-on-year rate held firm at 0.6 percent. The report estimates year-on-year same-store sales for the full month fell 2.0 percent. The report does not offer a month-to-month reading, unlike Redbook which will be posted at 8:55 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