2014 Economic Calendar
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Redbook
Released On 1/14/2014 8:55:00 AM For wk1/11, 2014
PriorActual
Store Sales Y/Y change4.1 %2.9 %

Highlights
Freezing polar temperatures pulled retail sales lower in the January 11 week with Redbook's same-store year-on-year rate at plus 2.9 percent for a very large 1.2 percentage point decline from the prior week's year-on-year rate. The report notes that consumption, following the holidays, is now shifting back to basic commodities and food.

Due to heavy weather, January has gotten off to a rough start for the nation's retailers but is far overshadowed by a strong December based on this morning's ex-auto ex-gas reading in the government's retail sales report.

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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