| ICSC-Goldman Store Sales |
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Released On 1/24/2012 7:45:00 AM For wk1/21, 2012
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Prior | Actual |
| Store Sales - W/W change | 0.1 % | -1.4 % | | Store Sales - Y/Y | 3.0 % | 2.8 % |
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Highlights
Retail sales fell back a steep 1.4 percent in the January 21 week acccording to ICSC-Goldman's same-store index which is down 1.4 percent from the prior week for a plus 2.8 percent year-on-year rate that's on the low side of trend. The report cites heavy weather on the East Coast for the decline which kept shoppers indoors. This report together with Redbook have been reporting a sharp slowing in sales rates so far this month. Redbook is up later this morning at 8:55 a.m. ET.
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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
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