Retail Sales Lag in March
April 12, 2013,
WASHINGTON-U.S. retail sales in March totaled $418.3 billion on an adjusted basis, down 0.4 percent from February and up 2.8 percent from March 2012, according to this morning's report from the U.S. Census Bureau.
Looking at individual retail channels, furniture and home furnishings stores posted increases over both February and March of last year--0.9 percent and 2.8 percent respectively. General merchandise stores registered declines of 1.2 percent from February and 4.9 percent from last year's March. Department stores (excluding leased departments) posted sales drops of 1.1 percent month to month and 7.6 percent from last year.