We move now to major retail chain store sales, with the International Council of Shopping Centers-Goldman Store Sales report. This is a look at weekly and year-over-year changes in comparable store sales at major retail chains only, accounting for about 10% of total retail sales. Because of the limited scope of the report, this is not in and of itself a major market mover. At best, it can be considered an indicator of overall economic activity.
Since the ICSC requires a paid subscription to access the report directly, the data is provided second-hand (in this case, from Econoday). For the week ending 3/5/2011, sales were up 2.3% for the week and 2.6% year-over-year. The weekly sales are a substantial improvement (2/25 had them down 0.5%), but the year-over-year sales are slightly disappointing after last week's 3.3% increase.