Wednesday, January 17, 2018
Same Store Retail Sales Grow With Smallest Weekly Gain Since November
Same store sales were up 2.6 percent year-on-year in the January 13
week, continuing the deceleration seen in the prior two weeks to fall to
the smallest year-on-year weekly gain since November 11. Month-to-date
sales versus the prior month were down 0.3 percent, the first negative
reading in four weeks, while the full month year-on-year gain dropped
0.4 percentage points to 3.0 percent, matching the weakest pace since
November 11. The second week of the year extends the weakening in sales
metrics seen in the first week by retailers in Redbook's same-store
sample, suggesting a cooling in ex-auto ex-gas retail sales in January
following December's strength.
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