2013 Economic Calendar
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Redbook
Released On 12/17/2013 8:55:00 AM For wk12/14, 2013
PriorActual
Store Sales Y/Y change2.6 %2.9 %

Highlights
Redbook's same-store sales tally has been weak the last two weeks, at a year-on-year plus 2.9 percent in the December 14 week following an unusually low plus 2.6 percent in the prior week. Redbook cites heavy weather in the Northeast as a negative factor in the latest week. Gift cards are another negative factor, at least for the pre-holiday period as sales are generally not recorded until after gift cards are redeemed. There's still one more shopping weekend to go before Christmas but so far, December in Redbook's sample is trending 1.4 percent below November.

Definition
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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