NRF: Apparel, Electronics Lead Feb.’s Slight Retail Sales Increase
by Christina Lee on March 15th, 2009
Retail sales climbed upward for the second month in a row in February – a trend that, though expected to be short-lived, is still catching the attention of experts. The National Retail Federation reported Thursday a 0.6 percent seasonally adjusted increase overall, excluding that of automobiles, gas stations and restaurants. This observation follows a 1.4 percent increase in January, according to a revised report. “This is quite startling… a big change,” said Ian Shepherdson of High Frequency Economics to the Wall Street Journal. But while economists searched for a reason behind the behavior, they had a hard time finding one.... Read more »