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. 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.
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