» Weekly Sales: Mixed, but early Decision Economics

Weekly Sales: Mixed, but early

Posted August 7, 2012 by Editor

[private]Store sales in the first of four retail-August weeks were mixed, with the Redbook survey group generally “on or slightly better than plan” but the ICSC/Goldman Sachs group noted “headwinds,” particularly rising gasoline prices, and reported weekly comparable-store sales up about two percentage points less than the 4.0%-to-5.0% expectation for the month.

However, both surveys noted that it is very early days in the back-to-school calendar, and that the true health of the season cannot be fixed yet.¬† The ICSC report maintained an upbeat tone–though the impact of gas prices will onviously be watched closely.[/private]