Released On 12/26/2012 8:55:00 AM For wk12/22, 2012
Store Sales Y/Y change
Redbook again reports less strength than ICSC-Goldman for the December 22 week. Redbook's same-store sales index is at a year-on-year plus 2.9 percent, which is three tenths percentage points below ICSC-Goldman and compares to Redbook's 2.4 percent the prior week. Month-over-month posted a flat reading.
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.
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