Econoday Report: ICSC-Goldman Store Sales August 18, 2009

ICSC-Goldman Store Sales

Released on 8/18/2009 7:45:00 AM For wk8/15, 2009

	Prior	Actual
Store Sales - W/W change	0 %	-0.9 %
Store Sales - Y/Y	0.4 %	-0.6 %

Highlights
The winding down of state sales tax holidays and heavy markdowns depressed chain-store sales in the Aug. 15 week, according to ICSC-Goldman whose same-store sales index fell 0.9 percent for a year-on-year rate of minus 0.6 percent. The report expects full month sales to be down 3.5 to 4.0 percent compared to July. 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