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

Released On 2/11/2014 8:55:00 AM For wk2/8, 2014
Store Sales Y/Y change2.7 %2.8 %

January looks to have been a slow month for retail sales and February, due like January to heavy weather, has opened below plan. Redbook's year-on-year same-store sales rate is at plus 2.8 percent for the week vs a slightly more than 3 percent trend for January.

The final verdict for January retail sales will be posted on Thursday with the government's retail sales report where the Econoday consensus, reflecting the month's severe weather, is at minus 0.1 percent.

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

powered by  [Econoday] [Apple App Store]
[Econoday on Kindle]
Add to Google Previous