| Redbook |
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Released On 3/27/2012 8:55:00 AM For wk3/24, 2012
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Prior | Actual |
| Store Sales Y/Y change | 3.6 % | 3.8 % |
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Highlights
Year-on-year rates of sales growth are extending a one-month move higher according to data from Redbook which reports a same-store sales pace of plus 3.8 percent in the March 24 week. The report notes that warm weather helped the latest week's sales. Redbook offers a month-on-month reading which at plus 0.5 percent points to another month of strength for the government's ex-auto ex-gasoline reading.
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Definition
A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC index. It is also calculated differently than other indicators. For instance, figures for the first week of the month are compared with the average for the entire previous month. When two weeks are available, then these are compared with the average for the previous month, and so on. It might be more useful to compare year-over-year figures since these are indeed compared to the comparable week a year ago. This index is correlated with the general merchandise portion of retail sales covering only about 10 percent of total retail sales.
Why Investors Care
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