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.
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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