Store sales slowed in the big week following Easter, down 1 full percentage point for Redbook's same-store year-on-year reading to plus 2.5 percent for the April 6 week. Redbook notes that sales in the month of April will be held down by this year's earlier Easter which gave a boost to March. But March, for Redbook's sample, ended up below plan though still shows a solid gain of 0.8 percent that points to strength for Friday's ex-auto ex-gas reading in the government's retail sales report. There will be more data on March ahead of Friday's report with chain stores scheduled to report their monthly 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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