US DATA: Retail Economist-Goldman Sachs (TRE-GS) Weekly Chain Store Sales Index...
US DATA: Retail Economist-Goldman Sachs (TRE-GS) Weekly Chain Store Sales Index (the old ICSC) declined by 0.6% compared with the prior week for the period ending January 24. On a year-over-year basis, sales advanced by 2.6% - the weakest reading since the end of December. "The week's performance was quite uneven compared with the same week of the prior year with business at wholesale clubs and dollar stores very strong, but very soft at the hardline retailers," economist Mike Niemira said. He added that, "Over the past week, temperatures also were abnormally warm across the U.S., which tends to dampen the 'weather catalyst' for seasonal-goods demand. However, weather forecasts for heavy snow, this week, from an Alberta Clipper system traveling from the Midwest to the east coast-dubbed the 'Blizzard of 2015'-likely spurred consumers in the affected region to stock-up on staples and snow gear ahead of that storm.
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