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 5/8/07 For wk 5/5 2007 | ||||||||
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Highlights
Store sales are disappointing according to Redbook's tally that shows only a 0.1 percent year-on-year rise in the May 5 week, barely changed from a 0.2 percent rise in the prior week. ICSC-UBS's report earlier this morning showed a 1.7 percent gain but also described sales as soft. Chain stores will report their April sales on Thursday followed by Commerce Department data on Friday.
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