Wednesday, December 27, 2017
Same Store Retail Sales Surge
Same store sales were up 5.7 percent year-on-year in the December 23
week, surging by 1.3 percentage points from the prior week to post the
strongest year-on-year gain since July 2014. Month-to-date sales versus
the prior month moved into positive territory for the first time in 12
weeks with an increase of 0.1 percent, while the gain in full month
year-on-year sales rose 0.5 percentage points to 4.1 percent, matching
the highest level since September 30. The strong and accelerating sales
reported by retailers in Redbook's same-store sample during the course
of the key Christmas sales season point to notable strength in ex-auto
ex-gas retail sales for December.
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