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 4/22/08 For wk 4/19 2008 | ||||||||
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Highlights
Redbook reports a softening in same-store sales in the April 19 week, at a 1.7 percent year-on-year rate for a 3 tenths decline from the prior week and the result of cool weather that hurt demand for seasonal goods including related apparel. But it said sales of non-discretionary items, such as food and household supplies, were solid. Both this report and ICSC-UBS show a weather and Easter-adjustment spike early in April followed by less strength at mid month.
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