Same Store Retail Sales Accelerate

Same store sales were up 6.1 percent year-on-year in the November 3 week, accelerating by 0.2 percentage from the prior week to the strongest growth pace since the start of October. Month-to-date sales versus the prior month were up 0.1 percent again while the full month year-on-year gain rose marginally from the prior week to 5.8 percent. Above 6 percent again, Redbook's same store year-on-year growth is the strongest in over a decade, pointing to consumers in a buying mood and to strength ex-auto ex-gas retail sales.