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| ICSC-Goldman Store Sales |
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Released on 6/16/2009 7:45:00 AM For wk6/13, 2009
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Prior | Actual |
| Store Sales - W/W change | 0.2 % | -0.6 % | | Store Sales - Y/Y | -0.8 % | -1.5 % |
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Highlights
June looks to be a very weak month for non-gasoline retailers, according to weekly chain-store reports including ICSC-Goldman which reports a 0.6 percent week-to-week drop in the June 13 week for a year-on-year decline of 1.5 percent, the second lowest year-on-year rate since early in the year. The report cites high gasoline prices and unfavorable weather for the trouble. Redbook is up at 8:55 ET.
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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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