The ICSC-Goldman Store sales were lower in the week end October 18, down 0.3 percent from the previous week and the lowest rate since May. Strength was seen in electronic and apparel stores, and a positive outlook for holiday spending was given based on lower gasoline prices.
Redbook painted a more upbeat picture of retail sales, as cooler weather boosted apparel sales in the October 18 week. This helped move Redbook's same-store sales to 4.1 percent versus 3.8 percent in the prior week. The report mentions Halloween falls on a Friday this year, a benefit to last-minute holiday shopping. October is tracking flat to September at only a +0.1 percent month-to-month gain.
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Shares in the Retail ETF (NYSE: RTH) were up 1.95 percent at $63.01.
Posted-In: News Retail Sales Markets
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