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. 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.
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