Tuesday, August 7, 2018
Same Store Retail Sales Accelerate Again
Same store sales were up 5.6 percent year-on-year in the August 4 week,
accelerating by 1.4 percentage points from the prior week to the
strongest pace since December. Month-to-date sales versus the prior
month were up a sharp 0.9 percent, while the full month year-on-year
gain widened by 0.5 percentage points to 4.2 percent. After a brief but
sharp retreat from the previous peak at 5.2 percent set in the July 7
week, Redbook's same store year-on-year sales gain has surged back to
post a new high for the year, pointing to strong acceleration in ex-auto
ex-gas retail sales.
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