U.S. same store sales for the week ending October 12 decreased sharply from the week prior in what is one of the early signs of the effect of the federal government shutdown. Both weekly reports note weakening sales across all components. Redbook maintains a more optimistic outlook than ICSC-Goldman though citing cooler temperatures as a driver of seasonal shopping.
The ICSC-Goldman store sales index is now up 1.0% year over year from up 1.8% Y/Y the week prior.
The Redbook store sales index is now up 3.2% year over year from up 3.3% Y/Y the week prior.
Yarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund Read More