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%.
Johnson’s Redbook sales were also up 0.3% yoy. Disclosure: no positions
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.Week Ending Index 1977=100 Yr/Yr Change Weekly Change
On a year-on-year basis, retailers saw sales rise 0.5% in the latest week.
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%