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Retail week posts marginal gains

May 22, 2013 at 11:28 AM   |   Comments

NEW YORK, May 22 (UPI) -- U.S. retail receipts rose marginally in the week after two consecutive weeks of declines, the International Council of Shopping Centers said Wednesday.

The ICSC-Goldman Sachs weekly tracking report indicated sales rose 0.2 percent in the week that ended Saturday.

Sales were up 3.2 percent from the same week of 2012.

The weekly retail survey found the week's shopping activity represented "catch up demand from the prior week," when unseasonably cool weather held back sales of spring items.

In the latest week, Weather Trends International Inc. said the national average temperature was 2 degrees Fahrenheit warmer than its historic average, helping promote spring merchandise.

The weather was uneven, however.

"The western half of the nation started the week off with summer-like [conditions], but a strong cold front moved onshore, bringing much cooler weather for the second half of the week," Weather Trends International 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.
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