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January 8, 2013

Chain Store Sales, Small Business Optimism down.

January 8, 2013

Chain Store Sales, Small Business Optimism down.

Chain Store Sales (week ended 1/5/2013)

ICSC-Goldman Store Sales

– Store Sales week/week -4.2%. Previous was +0.6% – Store Sales year/year +4.0%.  Previous was +2.7%.

Redbook

– Store Sales year/year +2.1%. Previous was +2.9%.

The data looks negative but is confounded by the Minority Report increase in the year/year ICSC.

NFIB Small Business Optimism Index  (December 2012)

– level was 88.0.  Previous was 87.5.

Small business owners optimism was diminished in November by the election and in December by the fiscal cliff.  These folks are an important source of job generation and do not have the political clout of big business, Wall Street, or labor unions