2013 Economic Calendar
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Released On 6/4/2013 8:55:00 AM For wk6/1, 2013
Store Sales Y/Y change2.7 %2.9 %

Redbook doesn't show the burst of strength that ICSC-Goldman does for the June 1 week, but the report does show greater full-month strength than ICSC-Goldman. Redbook's year-on-year same-store sales rate of plus 2.9 percent is up 2 tenths from the prior week and is slightly above the two-month trend. But Redbook's month-to-month call for May is very strong, at plus 0.6 percent in a reading that points to strength for the government's ex-auto ex-gas category. ICSC-Goldman data, in contrast, point at best to no monthly change for May. A group of 15 chain stores will post their monthly results on Thursday.

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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