Released On 11/19/2013 8:55:00 AM For wk11/16, 2013
Store Sales Y/Y change
Store sales are picking up a little steam going into Black Friday, based on the weekly chain-store reports. First ICSC-Goldman earlier this morning and now Redbook report strength with Redbook's year-on-year growth rate at 3.5 percent in the November 16 week. This rate has been gradually on the rise for the last month. Redbook attributes strength in the latest week to Veteran's Day promotions and it also notes that retailers are rolling out holiday deals earlier than ever. It also notes that retailers are extending Black Friday hours in what may give a further lift to sales.
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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