Released On 10/16/2012 8:55:00 AM For wk10/13, 2012
Store Sales Y/Y change
Soft rates continue for Redbook's same-store sales data, at a year-on-year plus 1.8 percent in the October 13 week. Redbook has been trending lower over the past month which does not point to another healthy gain for the government's ex-auto ex-gas reading. Redbook is calling for a 1.5 percent monthly decline for October sales. Yesterday's retail sales report shows unusual strength that will make September a tough comparison for the nation's retailers.
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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