2013 Economic Calendar
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Released On 5/21/2013 8:55:00 AM For wk5/18, 2013
Store Sales Y/Y change2.8 %2.4 %

Redbook reports slowing for store sales in the May 18 week, to a plus 2.4 percent year-on-year pace that's 4 tenths below the prior week's pace. The report says sales slowed across the board following Mother's Day which opened the week. The results contrast with ICSC-Goldman which earlier this morning reported a big surge in the week.

Yet so far for the month of May, Redbook sees a 0.5 percent gain relative to April in contrast to ICSC-Goldman which sees no better than a flat month-to-month result. But the books on May are far from closed as the big Memorial Day weekend approaches with retailers, according to Redbook, hopeful that sales will strengthen.

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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