2013 Economic Calendar
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Redbook  
Released On 10/15/2013 8:55:00 AM For wk10/12, 2013
PriorActual
Store Sales Y/Y change3.3 %3.2 %

Highlights
Unlike ICSC-Goldman which is at recovery lows, Redbook is reporting no effect from the government shutdown with its same-store sales reading little changed at plus 3.2 percent. Redbook, which makes no mention of the shutdown, cites cooling temperatures as a plus for seasonal sales. Nevertheless, Redbook is projecting a sizable drop for October as a whole which points to another month of weakness for the government's ex-auto ex-gas reading.

Definition
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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