THE BASIS POINT

Sandy Hurts Chain Store Sales

Chain Store Sales (week ended 11/3/2012)

ICSC-Goldman Store Sales

– Store Sales week/week -0.2%. Previous was +0.5%
– Store Sales year/year +1.4%.

Redbook

– Store Sales Year/Year +0.8%. Previous was +1.8%

Data for last week was affected by Sandy.

As we pointed out in yesterday’s commentary, Rick Davis of Consumer Metrics Institute, also tracks a dip in shopping before this and the previous Presidential elections.