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

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.

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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