Chain-store sales growth is soft for a second straight week, at plus 2.2 percent for Redbook's same-store sales tally for the December 8 week vs plus 2.1 percent in the prior week and the 4.5 percent surge of the Black Friday week.
The report, whose results are very similar to ICSC-Goldman, notes the beginning of Hanukah helped the week's results. Otherwise, the report notes that sales have entered the "soft middle" of the holiday season.
Like ICSC-Goldman, Redbook says some consumers are "procrastinating" which hints at better sales leading up to Christmas. Rebook offers a monthly comparison which so far shows a 0.2 percent decline vs November in a reading that points, at least for now, to weakness for the government's ex-auto ex-gas reading.