2020 U.S. Same Store Retail Sales (Redbook Index) Year-over-Year

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U.S. Redbook Index Year-over-Year

Retail Sales – Same store sales based on U.S. Redbook Index declined beginning in April 2020 following the negative economic impact of COVID-19 pandemic, after posting consistent increase on a weekly in the first quarter of the yeear


Summary:

  • Redbook Index – Weekly index recording year-over-year (YoY) sales growth of 9,000 large merchandise retailers in U.S., which comprise 80% of official dollar value of retail sales reported by U.S. Department of Commerce
  • Year-over-Year Change – Redbook Index posted decline of 9.7% in sales value of retailers in June 9, 2020, compared to same week in 2019, while previous year’s index recorded 5% growth in the week of June 8, 2019
  • 2020 Quarter by Quarter Comparison – 2020Q1 registered weekly performance of 5-9% sales growth, while 2020 Q2 had dips between 2%-13% per week, with largest decline recorded in May 2, 2020
  • Key Drivers – According to Trading Economics, U.S. retail sales slumped its sharpest drop as people were forced to stay home and businesses closed from widespread lockdowns to prevent spread of COVID-19, with clothing, accessories, electronics, appliances and furniture most impacted
Companies: FX Empire , FXStreet , Investing , Trading Economics
Sources:

Original publication date: June 23, 2020

Date last updated: June 23, 2020