Cooler weather gave seasonal sales a boost in the Oct. 3 week, according to ICSC-Goldman's same-store sales tally that rose 0.3 percent vs. the prior week for a year-on-year rate of plus 1.0 percent, next only to a 1.6 percent rate in the Sept. 12 week as the best year-on-year rate since November. The report is nevertheless calling for a full-month September decline of 2.0 percent year-on-year though it does say the bias is to the strong side. A run of 40 chain stores will report their September sales on Thursday, setting up expectations for the ex-auto ex-gas category of next week's retail sales report from the Commerce Department.
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.
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