Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Retail sales rise in spite of gas prices

|
|
 
  
Published: June 9, 2009 at 11:46 AM
Advertisement

WASHINGTON, June 9 (UPI) -- Retail sales in the United States rose slightly in the week ending June 6, the International Council of Shopping Centers-USB reported Tuesday.

Sales were up 0.2 percent for the week, but down 0.8 percent compared to the same week a year ago, the report said.

"A confluence of factors pared consumer demand, including a cooler week temperature-wise than last year," ICSC said.

Weather Trends International said national temperatures averaged 3.9 degrees Fahrenheit cooler than last year.

Rising gasoline prices have also cut into consumers' discretionary cash. In the past six weeks, prices at the pump have risen 57.5 cents per gallon, the report said.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The making of the Oscars The Chicago Auto Show The Tibetan Moniam Festival in China
Additional Business News Stories
1 of 21
President Obama Signs Smuggling Prevention Act at White House
View Caption
fark
If we timewarped back by 2000 years, what job would you most qualified to do? No, you can't bring...
BAD: getting caught in a landslide while hiking. WORSE: getting struck by lightning while trying...
Weepy eyes, hot chix, Jersey Shore Ronnie and a guy with mini fishing reels stuck in his beard....
French roadbuilders find 21 German WWI soldiers...and 1 goat
Photoshop this crazy old coot in the cold
Anonymous ends the week by bringing down the CIA webpage. *golf clap*