2012 Economic Calendar
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Redbook  
Released On 11/27/2012 8:55:00 AM For wk11/24, 2012
PriorActual
Store Sales Y/Y change1.8 %4.5 %

Highlights
Redbook, like ICSC-Goldman earlier this morning, reports very strong sales during the November 24 week, at a year-on-year plus 4.5 percent for the strongest rate since March. Like ICSC-Goldman, Redbook notes that extended store hours for the Black Friday bonanza especially gave a boost to the results. Also giving a boost were extensive promotional activities which Redbook warns may hurt bottom lines for retailers. For the month of November as a whole, Redbook sees a solid 0.8 percent gain from October which points to strength for the government's ex-auto ex-gas reading in what would be a very good start to the holiday shopping season.

Definition
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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