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. 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