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Released On 1/4/2017 8:55:00 AM For wk12/31, 2016
Store Sales Y/Y change2.1 %2.2 %

Same-store sales were up a strong 2.2 percent year-on-year in the December 31 final week of 2016, a 0.1 percentage point increase of the prior week's accelerating growth pace and the second strongest weekly reading of the year. Month-to-date sales versus the prior month also accelerated, rising 0.2 percentage points to 1.0 percent, the strongest showing since the last week in May. And full-month December sales were 1.5 percent higher year-on-year, the strongest monthly year-on-year growth since January. Redbook's sample shows a successful close of the year for retailers, who rang up the strongest year-on-year sales growth since January that accelerated throughout December, confirming rising consumer confidence measures and pointing to strong core sales in the December retail sales report. Note that the week's 2.2 percent year-on-year sales gain reflects a correction issued by Redbook this afternoon that corrects the 2.4 percent weekly increase it reported in its scheduled original release this morning.

A weekly measure of comparable store sales at chain stores, discounters, and department stores. Redbook tracks week-to-week change, month-to-date change, and year-on-year change with the latter the most closely watched reading. The report offers early indications on ex-auto ex-gas retail sales.  Why Investors Care

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