2013 Economic Calendar
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Redbook
Released On 4/2/2013 8:55:00 AM For wk3/30, 2013
PriorActual
Store Sales Y/Y change2.6 %3.5 %

Highlights
Redbook reports strength in the March 30 week with its same-store sales tally at a year-on-year plus 3.0 percent for a nine tenths gain from the prior week. Despite the week's cold weather which held down demand for spring apparel, Redbook does note that sales of children's apparel were strong in the Easter week. Redbook's month-on-month indication, at plus 0.8 percent, offers an early signal of strength for the government's ex-auto ex-gas reading for March. Chain stores will post their monthly results a week from Thursday.

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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