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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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