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Weekly retail sales slip 0.8 percent

May 8, 2012 at 4:05 PM   |   Comments

WASHINGTON, May 8 (UPI) -- U.S. retail sales receipts fell 0.8 percent in the week ending Saturday, a national trade group said.

The International Council of Shopping Centers in Washington said the fiscal month of May began "on a soft note as there were few catalysts for spending in the past week."

With few notable outside influences at play consumers spent more on groceries during the week and less on discretionary spending.

That could change with Mother's Day fast approaching, the trade group said.

Sales were up 3.3 percent from the same week a year earlier, ICSC said.

© 2012 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.
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