UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Retail group says shoppers have the blues

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

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.

Topics: Goldman Sachs
© 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.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 16
Flags-In Ceremony at Arlington National Cemetery
View Caption
Staff Sgt. Jeffrey Roskos with the 3rd U.S. Infantry Regiment, "The Old Guard," participates in the annual Flags-In ceremony, May 23, 2013, at Arlington National Cemetery in Arlington, Virginia. Soldiers place American flags in front of more than 260,000 gravestones in the cemetery in honor of Memorial Day. UPI/Kevin Dietsch
fark
Are we there yet? No. Are we there yet? No. Are we there yet? No. Are we there yet? Are we there...
America F' yeah -- buy this guy a cigar and a whiskey ... yeah ... at a 107 this old dude can probably...
Photoshop this man and his magnificent mask
How to fill out that Taco Bell job application like a BOSS
An abandoned runway in the French countryside, a daring Frenchman sits astride his home built bicycle....
Moore, OK to well-wishers: Please, no more socks and underwear, we have enough to last 20 lifetimes....