2013 Economic Calendar
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Redbook
Released On 4/9/2013 8:55:00 AM For wk4/6, 2013
PriorActual
Store Sales Y/Y change3.5 %2.5 %

Highlights
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.

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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