2013 Economic Calendar
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Redbook
Released On 1/8/2013 8:55:00 AM For wk1/5, 2013
PriorActual
Store Sales Y/Y change2.9 %2.1 %

Highlights
Unlike ICSC-Goldman, there are no mixed signals in Redbook's assessment of the January 5 week which is entirely negative. Redbook's year-on-year same-store sales rate, in strong contrast to ICSC-Goldman, fell sizably in the week, to plus 2.1 percent vs 2.9 percent in the prior week. Redbook's indication for the monthly December-to-January comparison is at minus 0.3 percent in what is an early negative indication of weakness for the government's ex-auto ex-gas reading. Redbook says weekly sales were below plan for most chains in its sample. It notes that clearance discounts are dominating activity right now.

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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