Same-Store Retail Sales Increase Slightly

Same-store sales were up 0.5 percent year-on-year in the October 8 week, a slowdown from the prior week's outsized 1.3 percent year-on-year gain but still above the sluggish pace seen in most weeks since mid-August. Month-to-date sales in the Redbook sample were down 0.2 percent from the prior month, however, extending a long string of consecutive negative readings in this comparison that began in the June 4 week. Year-on-year, monthly same-store sales were up 0.5 percent, down 0.1 percentage points from the previous week.