2012 Economic Calendar
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Redbook
Released On 11/13/2012 8:55:00 AM For wk11/10, 2012
PriorActual
Store Sales Y/Y change0.8 %1.6 %

Highlights
Sales improved in the November 10 week but still remain soft, according to Redbook's same-store sales index which shows a plus 1.6 percent year-on-year rate. The rate is double that of the prior week but is not much better than the very soft four-week average of plus 1.4 percent. This average has been sitting at its recovery low the last two weeks.

Redbook, like ICSC-Goldman earlier this morning, reports strength in Northeast sales as consumers replenish basic consumables in the wake of Hurricane Sandy. Nationally, Redbook says the week's sales were held down by the presidential election but then picked up going into the Veteran's Day weekend. Month-to-month, Redbook's indication, at minus 0.2 percent, points to weakness for the government's ex-auto ex-gas reading for November. The government will post its October retail sales report tomorrow morning.

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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