Econoday Report: ICSC-Goldman Store Sales June 23, 2009

ICSC-Goldman Store Sales

Released on 6/23/2009 7:45:00 AM For wk6/20, 2009

	Prior	Actual
Store Sales - W/W change	-0.6 %	0 %
Store Sales - Y/Y	-1.5 %	-0.9 %

Highlights
Retail sales continue to be weak in June, according to ICSC-Goldman's same-store sales tally that is unchanged in the June 20 week for a very weak year-on-year decline of 0.9 percent. The report cites recessionary conditions and wet weather for the trouble. It does note that the approach of warm weather could give the month a late lift. Excluding Wal-Mart which no longer issues monthly data, the report sees a very steep May-to-June decline of 5.0 percent. Redbook, up at 8:55 ET, has also been warning of a very steep month-to-month decline.

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