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. 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.  Why Investors Care
 
 

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