2014 Economic Calendar
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Redbook
Released On 4/1/2014 8:55:00 AM For wk3/29, 2014
PriorActual
Store Sales Y/Y change3.1 %2.3 %

Highlights
A tough comparison with last year's pre-Easter shopping week held down Redbook's year-on-year same-store comparison which fell 8 tenths in the March 29 week to plus 2.3 percent. This is the lowest reading since Easter comparison distortions in April last year. Easter shifts often distort weekly store-sale readings at this time of year. Note that Easter distortions are smoothed out by averaging March and April together.

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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