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 1/3/07 For wk 12/30 2007 | ||||||||
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Highlights
Holiday sales appear to have been a moderate success. Redbook's same-store tally for the Dec. 30 week, up 3.2 percent vs. the year-ago week, was in line with ICSC-UBS's 2.8 percent rate and points to respectable results for the non-auto portion of the Commerce Department's retail sales report to be issued later this month. Tomorrow morning's chain-store reports will settle expectations for the non-auto category while today's motor vehicle reports, to be issued through the afternoon, will set up expectations for the car and light truck categories.
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