facebook
twitter
rss
account
search
search
 

Retail has off week

Jan. 8, 2013 at 3:30 PM   |   Comments

WASHINGTON, Jan. 8 (UPI) -- U.S. retail sales dropped sharply in the week ended Saturday, a Washington retail trade group said Tuesday.

Sales receipts dropped 4.2 percent week to week, but were 4 percent higher than the same week a year ago, the International Council of Shopping Centers-Goldman Sachs weekly consumer tracking survey indicated.

The trade group said sales "tumbled ... from the prior week, but the year-over-year pace accelerated."

The group noted "turn-of-the-year seasonally adjusted week-over-week changes can be extremely volatile because of the difficulty in adjusting the data for calendar shifts."

ICSC said traffic was strong at apparel stores relative to the same week a year earlier, but slow at dollar stores, wholesale clubs and book and jewelry store businesses. Shopping online was also slow for the week, compared to the same week of 2012, the group said.

Discount stores saw "steady" year-over-year business, the report said.

© 2013 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.
Most Popular
1
Continental Resources declares win in Oklahoma basin Continental Resources declares win in Oklahoma basin
2
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
3
U.S. oil exports at highest level since 1957 U.S. oil exports at highest level since 1957
4
More U.S. funding targets solar energy research More U.S. funding targets solar energy research
5
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
Trending News
Around the Web
x
Feedback