2014 Economic Calendar
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Redbook
Released On 2/4/2014 8:55:00 AM For wk2/1, 2014
PriorActual
Store Sales Y/Y change3.2 %2.7 %

Highlights
The trend for chain-store reports, first ICSC-Goldman earlier this morning and now Redbook, continues to slope sharply downward with Redbook's year-on-year same-store sales rate at plus 2.7 percent in the February 1 week, driving down the 4-week average by 3 tenths to plus 3.0 percent for the lowest reading since June. Heavy and especially cold weather have been taking a toll on store sales so far this year. Watch for January reports from chain stores themselves on Thursday's Econoday calendar.

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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