2010 Economic Calendar
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ICSC-Goldman Store Sales  
Released On 1/12/2010 7:45:00 AM For wk1/9, 2010
PriorActual
Store Sales - W/W change1.5 %-3.0 %
Store Sales - Y/Y2.5 %1.7 %

Highlights
Limited clearance merchandise made for a 3.0 percent week-to-week decline in ICSC-Goldman's same-store tally in the Jan. 9 week for a soft 1.7 percent year-on-year growth rate. The report said consumers are bargain conscious: "... if it is not on sale and the consumer does not need it, they will not make the purchase." Given a lack of the bargains, ICSC-Goldman is targeting January year-on-year sales at flat to up 1 percent. Redbook is up at 8:55 a.m. ET.

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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