Store sales are soft so far this month, the result of heavy weather and a satiated consumer, according to Redbook whose same-store tally came in at a year-on-year plus 2.5 percent in the January 15 week down from 2.8 percent in the prior week. Month-on-month, Redbook reports a 0.6 percent decline that points to trouble for the government's ex-auto ex-gas category of the January retail sales report.
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.
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