Released On 12/18/2012 8:55:00 AM For wk12/15, 2012
Store Sales Y/Y change
Redbook reports significantly less strength than ICSC-Goldman for the December 15 week. Redbook's same-store sales index is at a year-on-year plus 2.4 percent, which is nearly two percentage points below ICSC-Goldman. Yet the 2.4 percent rate is the best for Redbook since a 4.5 percent surge in the Black Friday week.
But Redbook is definitely seeing softness and reports that some retailers are selectively marking down winter items in addition to preplanned markdowns. Redbook's month-to-month tally shows a 0.2 percent decline which, at least so far, hints at weakness for the ex-auto ex-gas reading of the government's December retail sales report.
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