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 8/14/07 For wk 8/11 2007 | ||||||||
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Highlights
Store sales are soft so far in August according to both the Redbook and ICSC-UBS reports. Both reports show a 2.3 percent year-on-year pace in the Aug. 11 week. Redbook said stores are in transition between the summer-clearance and back-to-school seasons. Redbook said tax holidays gave a mild boost to sales in the latest week. Tax holidays will become more important later in the month.
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