"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Tuesday, March 22, 2011

ICSC-Goldman Store Sales

Today, what metrics we have are pretty much retail sales figures. For the week ending 3/12, the ICSC-Goldman Store Sales survey showed week-over-week sales up 0.1% (which was rather mediocre), with year-over-year sales up 3.1% (which was fairly impressive). And for the week ending 3/19? Not a whole lot of change, according to Econoday. Week-over-week sales were down 0.1%, and year-over-year sales were up 3.0%.
Remember, this is store sales at major retail chains, so it only represents about 10% of total retail sales. Try not to draw too strong a conclusion from these results.

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