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. 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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