Econoday Report: ICSC-Goldman Store Sales August 11, 2009

ICSC-Goldman Store Sales

Released on 8/11/2009 7:45:00 AM For wk8/8, 2009

	Prior	Actual
Store Sales - W/W change	-0.2 %	0 %
Store Sales - Y/Y	-0.7 %	0.4 %

Highlights
Chain-store sales are weak but improving, helped in the Aug. 8 week by a later back-to-school season and a run of state tax holidays. ICSC-Goldman's tally was unchanged in the week and up 0.4 percent year-on-year vs. a minus 0.2 percent year-on-year rate in the prior week. The report sees sales improving in line with overall economic recovery. 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