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 3/4/08 For wk 3/1 2008 | ||||||||
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Highlights
February proved another soft month for retail sales according to ICSC-UBS and also Redbook which both show no better than flat month-to-month results. Redbook's weekly same-store sales tally ended the March 1 week at a year-on-year pace of 0.5 percent. Of the two reports, Redbook has offered the better signal over the past half year, falling at a steeper pace than ICSC-UBS but still not as steeply as the non-auto, non-gas component of the Commerce Department's retail sales report. Retail sales for February will be posted a week from Thursday. This Thursday, chain stores will post their monthly results.
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