2012 Economic Calendar
POWERED BY  econoday logo
Event Definitions   |   Today's Calendar   |   

ICSC-Goldman Store Sales  
Released On 6/19/2012 7:45:00 AM For wk6/16, 2012
Store Sales - W/W change-0.7 %0.0 %
Store Sales - Y/Y2.9 %3.6 %

Growth in chain-store sales remains soft, according to ICSC-Goldman's same-store sales index which is unchanged in the June 16 week. The year-on-year rate of plus 3.6 percent is the highest since mid-May but the four-week average is unchanged at 3.1 percent which is a 3-month low. The report blames economic uncertainty both here and also globally for the softness. But it also notes that moderating gas prices should, in the coming weeks, begin to boost discretionary spending. Redbook, whose rates have been slightly below those of ICSC-Goldman, will be posted later this morning at 8:55 a.m. ET.

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

powered by  [Econoday]