2012 Economic Calendar
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Released On 1/24/2012 8:55:00 AM For wk1/21, 2012
Store Sales Y/Y change2.8 %2.5 %

The weekly store sales reports are reporting substantial slowing so far in January but against strong December indications that were not confirmed by what turned out to be a soft December retail sales report from the government. Redbook's year-on-year same-store sales rate fell three tenths in the January 21 week to plus 2.5 percent, less than half of Redbook's peak rate in December of 5.3 percent. Month-to-month, Redbook's data point to a 1.6 percent drop that indicates significant weakness for the government's ex-auto ex-gas category. Both Redbook and ICSC-Goldman say heavy weather has been holding down sales so far this month.

A weekly measure of comparable store sales at chain stores, discounters, and department stores. Redbook tracks week-to-week change, month-to-date change, and year-on-year change with the latter the most closely watched reading. The report offers early indications on ex-auto ex-gas retail sales.  Why Investors Care

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