This post first appeared on FloatingPath
Store sales for the week ending November 9 were little changed from the week prior. Both leading weekly store sales reports note lower gas prices as a driver, but that this may be the quiet before the storm as retailers are gearing up earlier than ever for Black Friday, offering early promotions and announcing extended hours.
The ICSC-Goldman store sales index was up 2.3% year over year from up 1.9% Y/Y the week prior.
The Redbook store sales index was up 3.3% year over year from up 3.8% Y/Y/ the week prior.