THE BASIS POINT

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 for Black Friday.