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

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.

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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