2012 Economic Calendar
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Redbook
Released On 9/18/2012 8:55:00 AM For wk9/15, 2012
PriorActual
Store Sales Y/Y change2.7 %2.4 %

Highlights
Weakness in apparel sales tied in part to a winding down for the back-to-school season made for a three tenths drop in Redbook's same-store year-on-year sales rate to plus 2.4 percent. This is down slightly from the prior two weeks but still one of the highest readings since June. Redbook sees strength for the September to August comparison, forecasting a very large 1.9 percent monthly gain that, in contrast to signals from ICSC-Goldman, offers an early indication of strength for the government's ex-auto ex-gas reading.

Definition
A weekly measure of comparable store sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC-Goldman 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 through the month. 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 about 10 percent of total retail sales.  Why Investors Care
 
 

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