ICSC-Goldman's same-store sales tally is slowing dramatically -- but not Redbook's which shows a solid 2.6 percent year-on-year rate in the March 23 week. The descriptions of the week are entirely different with ICSC-Goldman warning that cold weather hurt sales of spring goods while Redbook says consumers, anticipating better weather, stocked up on spring goods! Redbook sees sales rising into Easter and projects a very positive 0.6 percent gain for the March-to-February comparison which points to strength for the government's ex-auto ex-gas category.
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