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 3/27/07 For wk 3/24 2007 | ||||||||
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Highlights
Redbook confirms what ICSC-UBS reported earlier this morning, that warm weather and Easter promotions are making for strong sales. Redbook reports a 4.3 percent year-on-year same-store pace for the March 24 week, vs. a 4.0 percent pace in the March 17 week. The report noted that tax refunds may help boost sales further in the weeks ahead.
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