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Same-store sales at U.S. retailers surged by 7 percent year on year for the week ended Jan. 19, according to Econoday's Redbook. This is a 0.3 percent increase from the prior week's pace, but still significantly slower than the 9 percent growth recorded in late December.
Month-to-date sales against the prior month declined by 1.5 percent. Despite the slowdown from December’s frenzy, the week’s sales growth appears very favorable, according to Econoday’s experts.
By Brannon Boswell
Executive Editor, Commerce + Communities Today
