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home / news releases / PASS - Weekly Data Portend Weak Retail Sales


PASS - Weekly Data Portend Weak Retail Sales

Originally published on April 14, 2020

By Robert Hughes

Weekly retail same-store sales data from Johnson Redbook reflect the collapse in retail spending as a result of the COVID-19 outbreak. For the week ending April 11, the Redbook same-store sales index tumbled 8.3 percent from the previous month. The prior week saw a 0.9 percent rise versus the prior month. From a year ago, same-store sales are off 2.0 percent, versus a 5.3 percent rise in the prior week versus a year ago (see chart). The widespread efforts to contain the COVID-19 outbreak have shut

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Stock Information

Company Name: Direxion Daily Consumer Discretionary Bear 3X Shares
Stock Symbol: PASS
Market: NYSE

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