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 9/23/08 For wk 9/20 2008 | ||||||||
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Highlights
Hurricanes are the added weight pushing retail sales another notch lower, indicated by low readings for both this morning's ICSC-UBS report and now Redbook where same-store sales slipped to a +1.2 percent year-on-year pace in the Sep. 20 week, down 2 tenths from the prior week and the lowest reading since the Easter effects of March. September is definitely shaping up to be another very weak month for retail sales.
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