2017 Economic Calendar
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Released On 11/7/2017 8:55:00 AM For wk11/4, 2017
Store Sales Y/Y change3.6 %2.6 %

Same store sales were up just 2.6 percent year-on-year in the November 4 week, slowing down by a full percentage point from the prior week to the slowest growth pace since August 12. Month-to-date sales versus the prior month were down 1.0 percent, posting the fifth consecutive negative weekly reading, while full month year-on-year sales slackened by 0.9 percentage points during the week to a 2.6 percent gain. The loss of sales growth momentum reported by retailers in Redbook's sample is disappointing following the strongest performance in more than two years during the past two months, and hints at a slackening in core retail sales for the rest of the key last quarter.

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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