2014 Economic Calendar
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Redbook
Released On 3/18/2014 8:55:00 AM For wk3/15, 2014
PriorActual
Store Sales Y/Y change2.5 %2.8 %

Highlights
Store sales are soft so far this month based not only on ICSC-Goldman, which was released earlier this morning, but also on Redbook whose same-store year-on-year tally, at plus 2.8 percent in the March 15 week, is trending slightly lower than the month-ago comparison. Redbook also offers a month-to-month comparison which is down 0.5 percent. Note that this year's Easter, which falls three weeks later than last year, is shifting sales out of March and into April.

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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