Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Winter Puts A Freeze On Retail Sales For The Week

NEW YORK (UPI) — Frigid temperatures, especially on the East Coast, sent retail sales tumbling in the week ending Saturday, a trade group said.

The International Council of Shopping Centers-Goldman Sachs weekly retail tracking report said sales dropped 5.4 percent from the previous week and 1.7 percent compared to the same week of 2013.

After a strong finish to the holiday gift-buying season, customers pulled back, ICSC said in a Tuesday news release.

“The final week of the fiscal month was soft … accentuated by adverse weather conditions in the Midwest and East, which hindered shopping over the past week,” said Michael Niemira, ICSC vice president of research and chief economist.

Niemira said December sales would likely show an increase of 4 percent to 4.5 percent.

“This is somewhat above our earlier expectation as Walgreen’s already reported a very strong December performance,” he said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Winter Puts A Freeze On Retail Sales For The Week”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.