You are here

March Retail Sales Show Strong Gains

March Retail Sales Show Strong Gains

On April 16, the Commerce Department announced that U.S. retail sales in March had risen 0.8 percent over the previous month—a number that was three times higher than most analysts’ predictions, reports said.

Retail sales also increased 6.5 percent from one year earlier.

Clothing and clothing accessory stores in March showed a 0.9 percent gain, and 7.9 percent jump over March 2011.

The National Retail Federation released virtually identical results, estimating that retail sales (excluding automobiles, gas stations, and restaurants) rose 0.8 percent in March and 6.6 percent unadjusted year-over-year.

“While retailers will wait until the end of April to gauge the success of the spring shopping season, it’s evident that consumers are holding their own against rising gas prices and other economic concerns,” said NRF President and CEO Matthew Shay in a statement.

Register For

JCK Las Vegas 2016

Friday, June 3 - Monday, June 6, 2016

Register Today!
Subscribe now to

JCK News Daily

Receive the latest news directly to your inbox

Apps and technology come and go, what always remains is the need for...

On one level, I agree with you, Robert, since it should be a gut...

Many law suits are 'factually and legally without merit' and until...

So maybe its an opportunity to glamorize the use Platinum once again...

We’re not surprised by thisresponse to engineered diamonds. We have a...