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 10/9/07 For wk 10/6 2007 | ||||||||
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Highlights
Weekly chain-store reports are definitely on the soft side. Redbook's year-on-year same-store tally shows very modest growth of 1.8 percent, just below ICSC-UBS's rate of 2.1 percent. These readings are for the week of Oct. 6 but extend the soft trend seen through most of September. Chain stores will report their September results on Thursday, heading into Friday's retail sales report from the Commerce Department. Redbook, ICSC-UBS, and retailer statements issued so far point to trouble for the non-auto, non-gasoline bulk of Friday's report.
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