Redbook reports mild strength for same-store sales in the June 19 week, at plus 3.2 percent vs. plus 2.7 percent in the prior week for among the best year-on-year rates of the year. The report said the rate was helped by an easy year-ago comparison though Father's Day promotions did drive traffic and did help business across categories. But month-to-month is still soft. Redbook's numbers point to a 0.4 percent decline vs. May, right near its target for a 0.3 percent decline in June. These results are respectable but the retail-sales acceleration in winter and early spring is old history with results now flat at best.
A weekly measure of comparable store sales at chain stores, discounters, and department stores. Redbook tracks week-to-week change, month-to-date change, and year-on-year change with the latter the most closely watched reading. The report offers early indications on ex-auto ex-gas retail sales.
Why Investors Care