U.S. store sales surged higher in the week ending September 7 with consumer staples leading the way. Grocery stores, drug stores, and wholesale clubs all reported very strong weeks. Department stores showed slightly softer results.
The ICSC-Goldman store sales index was up 2.3% from a year ago as compared to up 1.8% Y/Y the week prior.
The Redbook store sales index was up 4.6% year over year as compared to up 4.7% Y/Y the week prior.