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

July 7th, 2009 Michael McDonough
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.

ICSC-Goldman Store Sales
Source: Bloomberg

Redbook Results:
Year-over-year: Week (w/e 7/04/09 vs year ago)        -4.2 pctYear-over-year:Month (June 2009 vs June 2008)         -4.4 pctMonth-over-month: (June 2009 vs May 2009)             -4.3 pctSource: Reuters

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