Released On 11/20/2012 8:55:00 AM For wk11/17, 2012
Store Sales Y/Y change
Store sales are trendless leading up to the big last week of the month, according to Redbook whose same-store index remains flat at a year-on-year plus 1.8 percent. Though retailers are rolling out holiday deals earlier than ever, Redbook says that consumers are nevertheless sitting tight for the Black Friday and Cyber Monday promotions. The report notes that about one quarter of November's sales will be loaded into the month's final week.
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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