This post first appeared on FloatingPath
While an improvement from last week, U.S. store sales still remained sluggish for the week ending February 8. Both reports blamed the bad weather, yet again.
On Thursday the U.S. Census Bureau will report on retail sales in January. The weekly store sales indexes suggest it will not be an optimistic reading.
Last week the ICSC-Goldman store sales index was up 2.3% year over year, compared to flat Y/Y the week prior.
The Redbook store sales index was up 2.8% year over year, compared to up 2.7% Y/Y the week prior.