2013 Economic Calendar
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Redbook
Released On 7/2/2013 8:55:00 AM For wk6/29, 2013
PriorActual
Store Sales Y/Y change2.8 %2.9 %

Highlights
Store sales are steady and moderate based on Redbook's same-store index which is up 2.9 percent in the June 29 week which is right in trend. Redbook says summer heat drove up traffic for summer goods, as it warns that consumers, more than ever, are buying according to immediate need. Redbook's month-over-month reading is down 0.5 percent which points to weakness for the government's ex-auto ex-gas category for June.

Definition
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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