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 4/1/08 For wk 3/29 2008 | ||||||||
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Highlights
Redbook reports a very weak 1.0 percent year-on-year rise in same-store sales for the March 29 week, confirming a similar reading by ICSC-UBS earlier this morning and pointing to trouble for March retail sales. Most chain stores won't report their monthly results until next week, though some that have are likewise reporting weakness. Vehicle sales data will be very important at day's end.
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