Released On 12/17/2013 8:55:00 AM For wk12/14, 2013
Store Sales Y/Y change
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.
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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