2017 Economic Calendar
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Released On 6/6/2017 8:55:00 AM For wk6/3, 2017
Store Sales Y/Y change1.8 %2.5 %

Same store sales year-on-year growth jumped up by 0.7 percentage points to a 2.5 percent rate in the June 3 week, the strongest gain since January 2016. Month-to-date same store sales versus the previous month were up 0.7 percent, the first positive weekly reading since the April 29 week. And year-on-year full-month same store sales we up 2.5 percent, the largest gain in this comparison in at least a year. Retailers in Redbook's same store sample have been reporting accelerating year-on-year sales growth since mid-April, indicating that consumers are indeed behaving in some accord with the high consumer confidence reported in surveys.

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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