Econoday Report: ICSC-Goldman Store Sales September 1, 2009

ICSC-Goldman Store Sales

Released on 9/1/2009 7:45:00 AM For wk8/29, 2009

	Prior	Actual
Store Sales - W/W change	0.6 %	-0.5 %
Store Sales - Y/Y	-0.2 %	-0.7 %

Highlights
August chain-store sales ended up being a disappointment, according to ICSC-Goldman's same-store tally which fell 0.5 percent in the Aug. 29 week for a minus 0.7 percent year-on-year rate. The report down plays the impact of back-to-school calendar shifts and stresses the overall trend which it said is not improving. The report isn't making a call for month-to-month sales. 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