Same-Store Retail Sales Up 1% Year-To-Year

Same-store sales were up a full 1.0 percent year-on-year in the October 15 week, doubling the prior week's gain and resuming the sharp acceleration seen at the start of the month. Month-to-date sales in the Redbook sample were unchanged versus the previous month, the first time that this comparison was not negative since the May 28 week. Year-on-year, monthly same-store sales were up 0.7 percent, up from 0.5 percent last week and the strongest reading since September 3. After quite solid core retail sales growth seen in last week's report for September, the Redbook sample is pointing to even more solid growth this month.