Chain stores in ICSC-Goldman's sample report strength in sales in the
November 8 week, up a same-store 1.5 percent compared to the prior week.
Year-on-year, ICSC-Goldman's sales rate is plus 2.1 percent for a 3
tenths gain. The report cites the favorable effect of low gas prices for
the sales increase.
...meanwhile...
Redbook's chain-store sample continues to report soft sales, at a
year-on-year same-store plus 3.8 percent in the November 8 week which is
down 1 tenth from the prior week and 5 tenths from the week before
that. Month-to-month, Redbook's index is getting off to a very slow
start, at minus 1.0 percent vs a target for plus 0.1 percent. Redbook
cites the mid-term election, held November 4, as a negative factor in
the latest week. Redbook notes that some retailers are gearing up even
faster than usual for the holidays including getting displays out
earlier, cutting prices, and extending hours.
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