Same Store Retail Sales Retain Momentum

Same store sales were up 6.1 percent year-on-year in the November 10 week, unchanged from the prior week and maintaining the strongest annual growth pace since the 6.5 percent decade highs seen at the start of October. Month-to-date sales versus the prior month were up 0.2 percent, an acceleration of 0.1 percentage points from the prior week, while the full month year-on-year gain rose to 6.1 percent, the fastest pace in 9 weeks. With year-on-year growth above 6 percent in 5 of the last 11 weeks, Redbook's same store sales remain the strongest in over decade and point to increasingly robust ex-auto ex-gas retail sales with momentum going into the key holiday season.