2013 Economic Calendar
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Redbook
Released On 1/15/2013 8:55:00 AM For wk1/12, 2013
PriorActual
Store Sales Y/Y change2.1 %1.9 %

Highlights
Retail sales have been slowing this month, indications from ICSC-Goldman and now Redbook whose same-store plus 1.9 percent year-on-year sales rate is the weakest since mid-November. Retail sales from the government for December, data released earlier this morning, show strength which appears to be now ebbing. But January is a transitional month to spring merchandise with Redbook noting that most retailers won't be reading too much in this month's results. Still, Redbook's data are tracking at a small decline for the monthly comparison with December which points to weakness for the ex-auto ex-gas reading in the government's January report.

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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