Total Collapse of Retail Sales

The Redbook is a weekly measure of sales at chain stores, discounters, and department stores. For the last week, the Redbook same store sales collapsed 4.4% on a year over year basis. This contrasts to the week prior that saw a rise of 0.1%.

"The 4.4 percent plunge is not comparable to anything Redbook has been posting this cycle. And the magnitude of the week-to-week change in the year-on-year rate, to -4.4 percent vs. +0.1 percent in the May 30 week, is also unprecedented."

The ICSC also made a large move in the downward direction with a -.8% showing. The ICSC measures same store sales at the large department stores. Let’s see, could the fact that several of the major credit card companies are raising interest rates and capping lines of credit have anything to do with it? And what about a bond market collapse, could that have anything to do with that chain of events?


A Comprehensive Compilation of Plunging Sales Charts:

We’ll start with the big picture Total Retail Sales presented in Year-Over-Year (yoy) percent change:



And for confirmation of the big picture sales trend, let’s examine yoy % change in Final Sales:



Light-weight truck and car sales:


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