Released On 11/12/2013 8:55:00 AM For wk11/9, 2013
Store Sales Y/Y change
Unlike ICSC-Goldman which reports strength in the November 9 week, Redbook reports a slight slowing in same-store year-on-year sales growth to plus 3.3 percent for a 5 tenth easing from the prior week. Redbook offers little commentary but does note that stores are gearing up earlier than ever for Black Friday, offering early promotions and announcing extended hours.
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.
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