facebook
twitter
rss
account
search
search
 

Retail group says shoppers have the blues

Jan. 15, 2013 at 5:01 PM   |   Comments

WASHINGTON, Jan. 15 (UPI) -- U.S. retail sales dropped week-to-week for the second consecutive time in the week ending Saturday, a Washington retail trade group said Tuesday.

Sales receipts dropped 0.6 percent after falling 4.2 percent in the previous week, the International Council of Shopping Centers-Goldman Sachs weekly consumer tracking survey indicated.

The council called the slump "the post-holiday spending blues."

Weather, the group said, was a mild deterrent with the average temperature 2.1 degrees Fahrenheit warmer than last year and 7 degrees warmer than the long-term average for the week.

From the same week a year earlier, sales were up 3.3 percent, a gain partly realized by higher prices.

Last week, the trade group said sales "tumbled." The second decline showed broad weakness with the exception of discount stores.

Sales declined at drug, department, dollar, specialty, electronics, office and furniture stores, the council 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
Kurds pledge to protect oil and gas assets Kurds pledge to protect oil and gas assets
2
Dutch selling armored vehicles to Estonia Dutch selling armored vehicles to Estonia
3
BAE Systems wins naval support contract BAE Systems wins naval support contract
4
Iran mulling oil swap with Russia Iran mulling oil swap with Russia
5
U.S. funds advanced solar energy research U.S. funds advanced solar energy research
Trending News
x
Feedback