ICSC-Goldman Store Sales
Released On 7/29/2014 7:45:00 AM For wk7/26, 2014
Prior Actual
Store Sales - W/W change -0.4 % 0.2 %
Store Sales - Y/Y 2.8 % 4.6 %
Highlights
Boosted by back-to-school shopping, store-sales were up in the July 26 week according to ICSC-Goldman's same-store sales index which rose 0.2 percent from the prior week. But the year-on-year rate has hit major turbulence, now at plus 4.6 percent vs plus 2.8 percent and 4.5 percent in the prior two weeks. The 4-week average for the year-on-year rate, which is the best gauge given the ups and downs, is at 3.8 percent which is very strong for this report. Given what it calls "impressive" strength at department stores, apparel stores and electronic stores, the report describes July as a whole as a positive month. Redbook will post its weekly results later this morning at 8:55 a.m. ET.