2012 Economic Calendar
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Released On 10/9/2012 8:55:00 AM For wk10/6, 2012
Store Sales Y/Y change2.3 %1.6 %

Redbook reports year-on-year slowing in same-store sales growth for the October 6 week, to plus 1.6 percent which is five tenths below the four-week average for the lowest rate since August. The presidential debate kept shoppers at home early in the week, according to the report which on the positive side cites, like ICSC-Goldman, the week's cold weather as a plus for seasonal sales. Redbook sees trouble for October as a whole given the timing of Halloween which, falling this year on a Wednesday vs Monday last year, may push some related sales into November.

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.  Why Investors Care

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