2012 Economic Calendar
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Redbook
Released On 12/4/2012 8:55:00 AM For wk12/1, 2012
PriorActual
Store Sales Y/Y change4.5 %2.1 %

Highlights
Chain store sales slowed sharply in the December 1 week, to a year-on-year same-store rate of plus 2.1 percent vs 4.5 percent in the Black Friday surge of the prior week. Though no surprise, Redbook says the slowing is a little more abrupt than retailers expected. But the report notes that sales are typically lumpy in the first part of December. It also notes that this year's earlier Hanukkah, which at December 8 falls 10 days earlier than last year, is likely to establish an early base of momentum for the month's sales.

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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