2013 Economic Calendar
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Redbook
Released On 9/4/2013 8:55:00 AM For wk8/31, 2013
PriorActual
Store Sales Y/Y change3.8 %4.7 %

Highlights
There's a major separation between the weekly chain-store reports with ICSC-Goldman, issued earlier this morning, reporting weakness in contrast to Redbook which is reporting enormous strength. Redbook's same-store sales index jumped to a year-on-year plus 4.7 percent in the August 31 week which is up 9 tenths in the week for the strongest rate since December 2011. Redbook attributes the strength to back-to-school sales and further notes the week excludes the usually heavy sales of the Labor Day weekend. Redbook's month-to-month comparison shows a 0.6 percent gain, one that points to strength for the government's core retail sales reading.

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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