2013 Economic Calendar
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Released On 7/9/2013 8:55:00 AM For wk7/6, 2013
Store Sales Y/Y change2.9 %3.6 %

Like ICSC-Goldman earlier this morning, Redbook reports very strong sales in the July 6th week, at a same-store year-on-year plus 3.6 percent for the strongest reading since November. ICSC-Goldman attributes gains in its report to an extra-long July 4th weekend, in contrast to Redbook which cites the week's sharp increases in temperatures which pulled consumers into air-conditioned malls and drove up sales of seasonal goods. Month-to-month, Redbook sees a 0.6 percent gain for July which points to strength for the government's ex-auto ex-gas reading. The government will post its monthly sales report for June early next week.

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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