2012 Economic Calendar
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Redbook
Released On 10/2/2012 8:55:00 AM For wk9/29, 2012
PriorActual
Store Sales Y/Y change2.0 %2.3 %

Highlights
Redbook's same-store sales rate in the September 29 week is up a year-on-year 2.3 percent, a modest rate yet one that's in trend and about 1/2 percentage point above August's trend. On a month-to-month basis, Redbook sees a very strong 1.6 percent rise for September sales which points to big strength for the government's ex-auto ex-gas reading. ICSC-Goldman, in data released earlier this morning, reports moderation in the month. Chain stores will post their individual sales results on Thursday.

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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