2013 Economic Calendar
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Released On 4/30/2013 8:55:00 AM For wk4/27, 2013
Store Sales Y/Y change1.8 %2.8 %

Chain-store sales improved last week, based first on ICSC-Goldman's report earlier this morning and now Redbook whose same-store sales index is at a year-on-year plus 2.8 percent, up 1 full percentage point in the week for the strongest rate of the month. Yet the gain isn't enough to give much help to April as a whole, at least based on Redbook's month-to-month comparison with March which shows a deep 2.5 percent decline. This points to weakness for the government's ex-auto ex-gas reading for the April retail sales report. Redbook notes that cold weather is hurting sales of spring apparel in the colder regions.

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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