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.
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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