Redbook reports a respectable 2.9 percent year-on-year growth rate for same-store sales in the April 5 week. The report cites mild weather and pent-up demand for seasonal goods for the strength. Redbook sees year-on-year sales rising to a final 3.4 percent for the month, the result of this year's later Easter which pulled sales out of March in favor of April.
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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