The two leading store sales indexes, the ICSC-Goldman and Redbook, are now up 2.9% and 2.0% year over year, respectively. Last week, the ICSC-Goldman was up 2.1% Y/Y and the Redbook was up 2.4% Y/Y.
Goldman noted that although the Y/Y rate rose 0.8% this week, it has been trending lower. They added that that gasoline prices are now moving lower, after nearly three months of uninterrupted gains, which could help discretionary spending as the holiday season begins. Redbook added that Halloween sales are beginning earlier each year and may be keeping sales afloat.