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 4/10/07 For wk 4/7 2007 | ||||||||
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Highlights
Retail sales proved strong in the April 7 week, at a 4.9 percent year-on-year pace compared with a 4.2 percent pace in the prior week. This year's earlier Easter is helping comparisons, though the report said the week's cold weather hurt demand for spring goods. Redbook's data are stronger than ICSC-UBS's tally reported earlier this morning, but together they point to firm results for chain-store reports on Thursday and retail sales data on Monday.
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