| Redbook |
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Released On 10/23/2012 8:55:00 AM For wk10/20, 2012
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Prior | Actual |
| Store Sales Y/Y change | 1.8 % | 1.3 % |
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Highlights
Weakening sales is the call from Redbook whose same-store sales index is at a year-on-year plus 1.3 percent in the October 20 week for the slowest reading in three months. Redbook's index is trending about 1/2 percentage point below September which points to trouble for the government's ex-auto ex-gas reading for October. Yet commentary is mostly upbeat with the report noting that Halloween will be an increasing positive for the month.
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Definition
A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC 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. 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 only about 10 percent of total retail sales.
Why Investors Care
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