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Denis Ouellet, CFA
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Denis Ouellet has been involved in the Financial sector since 1975. Now retired, he is a part-time blogger. Denis has been analyst and head of research for a brokerage company, equity manager for various investment organizations (pension, mutual and hedge funds), head of global equity... More
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  • Chain Store Sales Steady 0 comments
    May 12, 2009 9:03 AM | about stocks: RTH, XRT

    The 4-week MA has flattened by mid-May but sales have picked up in the first 2 weeks of May after declining post Easter. April retail sales will be released Wednesday and they should be up ex-cars, ex-gasoline since chain store sales rose 1.2%.

    The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index rose 0.3% in the week ended Saturday, May 9, from its level a week before on a seasonally adjusted, comparable-store basis. 
    On a year-on-year basis, retailers saw sales rise 0.5% in the latest week.

    Week Ending Index 1977=100 Yr/Yr Change Weekly Change

    9-May-09 492.7 0.5% 0.3%
    2-May-09 491.3 -0.8% 0.7%
    25-Apr-09 488.0 -1.7% -0.7%
    18-Apr-09 491.3 -0.1% -0.4%
    Johnson’s Redbook sales were also up 0.3% yoy. Disclosure: no positions
    Stocks: RTH, XRT
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