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Economy in Brief

Chain Store Sales Recover
by Tom Moeller  March 05, 2013

The latest report from the International Council of Shopping Centers and Goldman Sachs indicated that chain store sales ticked up 0.2% last week (1.8% y/y) to the highest level since early-January. That places sales 1.0% above the February average which ticked up 0.1% from January. During the last ten years there has been a 61% correlation between the y/y change in chain store sales and the change in retail sales at general merchandise stores. That correlation recently has declined.

General merchandise store sales account for 15% of total retail sales. The ICSC-Goldman Sachs retail chain-store sales index is constructed using the same-store sales (stores open for one year) reported by 78 stores of seven retailers: Dayton Hudson, Federated, Kmart, May, J.C. Penney, Sears and Wal-Mart.

The chain store figures can be found in Haver's WEEKLY database. 

ICSC-Goldman Sachs (SA, 1977=100) 03/02/13 02/23/13 02/16/12 Y/Y 2012 2011 2010
Total Weekly Chain Store Sales 532.3 531.3 530.7 1.8% 3.0% 3.2% 2.9%
   W/W % 0.2 0.1 2.7 -- -- -- --
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