This year's early Easter gave a boost to retail sales in late March and early April. Redbook's year-on-year same-store sales rate came in at plus 4.1 percent in the April 7 week vs an outsized rate of plus 4.6 percent in the prior week. Aside from the prior week, the latest week's rate is the highest so far this year. Redbook offers a month-to-month reading which is up a strong 0.8 percent to offer an early indication of strength for April retail sales. The government's retail sales report for March will be posted next week on Monday morning.
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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