Indexes Diverge, Store Sales Data For The Week Is Strong But Mixed

Once again we are starting to see the two leading weekly store sales indexes diverge from one another.

The ICSC-Goldman store sales index was little changed for the week ending August 31. It is now up 2.1% from a year ago (4 week MA) as compared with up 2.3% Y/Y the week prior. The report cites summer malaise for the slowing sales.

The Redbook store sales index had a strong weekly increase and is now up 3.9% year over year (4 week MA) compared to up 3.7% Y/Y the week prior. Redbook saw strength in back-to-school sales, and adds that this week does not yet include sales from Labor Day weekend.

US Store Sales Week Ending August 31 2013 600x382 Indexes Diverge, Store Sales Data For The Week Is Strong But Mixed

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