2014 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Released On 1/7/2014 8:55:00 AM For wk1/4, 2014
Store Sales Y/Y change4.5 %4.1 %

Aggressive promotions boosted sales in the January 4 week, according to Redbook's same-store sales index which is up a very solid 4.1 percent vs a year ago. Redbook reports significant upside surprises at some department stores where promotions this time of year are often heavy. The report notes that December as a whole was more promotional than planned which boosted the top line but which points to a squeeze for the bottom line. Redbook is trending significantly higher than ICSC-Goldman, though the slopes for both are on the rise. Watch for chain-store reports on Thursday for more information on holiday spending.

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.  Why Investors Care

powered by  [Econoday]