BusinessMarket DataRetail

Retail Sales Edge Up 1% in February, Apparel Sales Fall

February retail sales recovered a bit from their January deep freeze despite continued frigid weather and relentless snowstorms in the first half of the month in much of the country. Sales at sporting goods and building supply stores, auto dealers and restaurants increased, but clothing stores had a relatively slow month, with the weather not yet nice enough to stimulate sales of spring clothing and winter styles pretty much out of stock. Once better weather arrives, apparel sales are expected to pick up due to pent-up demand and some improvement in the economy.

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BusinessMarket Data

Apparel Inflation Flat in January

Consumers paid higher prices for many things in January, but apparel was not one of them. January’s consumer price index (CPI) had its biggest increase in six months, according to data just released by the U.S. Department of Commerce. Prices for all goods and services… Read More

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