2013 Economic Calendar
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Released On 8/6/2013 8:55:00 AM For wk8/3, 2013
Store Sales Y/Y change2.9 %3.7 %

Redbook, like ICSC-Goldman earlier this morning, reports solid strength in same-store retail sales for the August 3 week, at plus 3.7 percent. This is the strongest reading of the year. Both reports cite early strength for back-to-school sales and both note positive effects of tax-free holidays in many states. Redbook offers a special monthly comparison that points to a slight rise in July which is a plus for the outlook for the ex-auto ex-gas reading of the government's retail sales report.

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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