2017 Economic Calendar
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Released On 2/22/2017 8:55:00 AM For wk2/18, 2017
Store Sales Y/Y change0.9 %1.1 %

Same store sales were up 1.1 percent year-on-year in the February 18 week as the acceleration in sales seen in the Redbook sample in the prior two weeks took the gain to the best level of the year. Month-to-date same store sales also picked up the growth pace and were up 0.5 percent, in a continuation of the rebound from 4 weeks of sharply negative readings in January. Year-on-year, monthly sales were up 0.9 percent, a 0.1 percentage point improvement from the prior week and equal to the strongest pace of the year set in the first week of January. Given last week's surprisingly strong core retail sales report for January, the Redbook sample sales pickup in recent weeks suggests impressive strength in core retail sales for February.

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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