2013 Economic Calendar
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Released On 7/16/2013 8:55:00 AM For wk7/13, 2013
Store Sales Y/Y change3.6 %3.0 %

Like ICSC-Goldman, Redbook reports a big drop in the July 13 week that follows a big bounce up in the prior holiday week. Year-on-year same-store sales growth is 3.0 percent in the week for Redbook, down 6 tenths from the prior week which was the year's best rate. Unlike ICSC-Goldman which reported weak demand for seasonal goods tied to the week's cooler weather, Redbook is reporting strength for seasonal goods tied to discounting. Month-over-month, Redbook is showing a 0.8 percent gain so far for July which points to strength for the government's ex-auto ex-gas reading. Redbook is trending higher right now than ICSC-Goldman where indications right now are pointing to a flat July.

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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