2013 Economic Calendar
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Released On 4/16/2013 8:55:00 AM For wk4/13, 2013
Store Sales Y/Y change2.5 %2.0 %

Store sales are not getting the bounce this month that many expected, at least not yet. Redbook's year-on-year same-store sales rate is plus 2.0 percent in the April 13 week which is down five tenths from the prior week and down 1 full percentage point from the week before that. In an offset, the report notes that the latest rate reflects a tough comparison with the year-ago week which was boosted by Easter demand.

Redbook also attributes the latest weakness to a post-Easter merchandise shift and notes that sales in warm weather regions are doing better than not-so-warm regions. Cold weather held down sales in March, especially sales of spring goods, and today's reports from Redbook and ICSC-Goldman do not point to improvement yet for April.

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

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