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. 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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