Store sales are slowing, based on trends in both ICSC-Goldman and now Redbook which shows a very soft plus 1.5 percent year-on-year same-store sales rate in the Feb. 2 week. Both reports are trending at levels back in early November before holiday shopping started to pick up. And both reports are pointing to weakness for January retail sales. Chain-stores will post their January results on Thursday.
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.
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