2013 Economic Calendar
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Redbook
Released On 12/31/2013 8:55:00 AM For wk12/28, 2013
PriorActual
Store Sales Y/Y change3.9 %4.5 %

Highlights
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.

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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