Sales growth is trending lower based on Redbook's same-store sales tally where a thin plus 1.8 percent year-on-year rate contrasts with a much stronger 3.2 percent rate from rival report ICSC-Goldman. Redbook stresses that sales so far this month have been flat and trendless, but it notes that January is a transitional month for retailers who are shifting to spring merchandise. The outlook for consumer spending this month is still in the air.
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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