This article first appeared on Floating Path.
U.S. store sales for the week ending February 22 were weak, and both reports suggest that this is despite improving weather conditions.
The ICSC-Goldman store sales index was up 1.4% year over year, compared to up 2.1% Y/Y the week prior.
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The Redbook store sales index was up 2.9% year over year, compared to up 3.2% Y/Y the week prior.