U.S. store sales showed modest gains last week. Stores received a boost from back-to-school shoppers with many school years starting earlier in the South this year, and unseasonably cool weather also encouraged spending. However, discount stores continued to struggle.
The ICSC-Goldman store sales index is now up 2.4% from a year ago (4 week MA), unchanged from the week prior.
The Redbook store sales index is now up 3.4% year over year (4 week MA), also unchanged from the week prior.