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2008 Economic Calendar |
A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC 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. 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 only about 10 percent of total retail sales. Why Investors Care
| Released on 6/19/07 For wk 6/16 2007 | ||||||||
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Highlights
Store sales are modest at the very most, at a 2.0 percent year-on-year pace by Redbook's tally for the June 16 week and 1.9 percent by ICSC-UBS's tally released earlier this morning. Redbook was more upbeat that ICSC-UBS, saying retailers, helped by warm weather and Father's Day, were above plan though plans are very modest. June looks to be a soft month for retailers which are being hurt by high gas prices and perhaps an indifferent consumer. Results so far in the month are pointing to little month-to-month change for retail trade data.
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