Chain Store Sales

Chain Store Sales down post-Black Friday.

Chain Store Sales ICSC-Goldman Store Sales (week ended 12/1/2012) – Store Sales – Week/Week -3.1%. Previous was +3.3% – Store Sales – Year/Year 3.2%. Previous was +4.0% Redbook (week ended 12/1/2012) – Store Sales Year/Year +2.1%. Previous was +4.5%. Last week was a hangover for chain stores which are so heavily invested in the hype

Housing Starts up Slow and Steady. Retail Disappoints.

Housing Starts (October 2012) Starts – Level – (Seasonally Adjusted Annualized Rate)  894,000. Previous was 872,000 Permits – Level – (Seasonally Adjusted Annualized Rate)   866,000. Previous was 894,000. The steady gains are nice.  Keep in mind that the natural level for Housing Starts in order to keep pace with population growth and assuming a constant

Elections Breed Uncertainty.

ICSC-Goldman Store Sales (week ended 11/10/2012) Store Sales – Week/Week +0.7%. Previous was -0.2% Store Sales – Year/Year 1.8%. Previous was 1.4% Redbook Store Sales Year/Year +1.6%. Previous was +0.8%. Consumer Metrics Institute This near realtime measure of consumer demand started moving upward two days after the election.  This same effect – pre-election slump and