2014 Economic Calendar
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Redbook  
Released On 3/11/2014 8:55:00 AM For wk3/8, 2014
PriorActual
Store Sales Y/Y change2.9 %2.5 %

Highlights
Redbook, in sharp contrast to ICSC-Goldman released earlier this morning, reports sharp weakness in store sales during the March 8 week. Redbook's same-store year-on-year sales rate slipped to plus 2.5 percent, down 4 tenths in the week for the lowest reading since May last year. But Redbook sees improvement ahead when temperatures warm up and raise demand for seasonal goods. In a major negative for March, however, Redbook notes that this year's Easter, which is three weeks later than last year, will push sales into April at March's expense.

Definition
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
 
 

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