ICSC-Goldman Store Sales– Shows Growth, But Redbook Says Otherwise

ICSC-Goldman Store Sales demonstrated a week over week increase of 0.1% and a year over year increase of 0.5% during the holiday week. This likely won’t have much effect on today’s trading. But, the Redbook, which was released at 8:55AM showed a 4.2% y/y decline in same store sales, which continues to indicate the retail sector remains depressed. Chain stores will be reporting sales later this week.

Year-over-year: Week (w/e 7/04/09 vs year ago)        -4.2 pct
Year-over-year:Month (June 2009 vs June 2008)         -4.4 pct
Month-over-month: (June 2009 vs May 2009)             -4.3 pct
Source: Reuters