Released On 12/31/2013 8:55:00 AM For wk12/28, 2013
Store Sales Y/Y change
The shopping rush surrounding Christmas was strong this year, based on both ICSC-Goldman released earlier this morning and now Redbook whose same-store sales index shows a 4.5 percent year-on-year gain in the December 28 week. This is the strongest gain since the Black Friday week. But when stepping back to look at December as a whole, Redbook is soft compared to November which is very similar to ICSC-Goldman's data. An incremental gain looks to be the best that can be expected from the holiday season, at least based on early indications.
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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