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 7/29/08 For wk 7/26 2008 | ||||||||
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Highlights
Redbook reports very strong same-store sales in the July 26 week, at a 2.9 percent year-on-year pace that confirms similar strength reported earlier this morning by ICSC-UBS. The results suggest that any fading from the winding down of tax rebates has yet to occur.
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