2013 Economic Calendar
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Released On 12/24/2013 8:55:00 AM For wk12/21, 2013
Store Sales Y/Y change2.9 %3.9 %

Like ICSC-Goldman earlier this morning, Redbook reports a surge in shopping in the December 21 week. The week's year-on-year pace of plus 3.9 percent is the best of the month though the trend so far for the month, like the trend in ICSC-Goldman, is no better than flat compared to November. Shoppers are picking up the pace going into Christmas, but indications so far is that growth in holiday shopping has been no more than moderate at best.

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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