US retail sales on positive track for March
Retail sales throughout the United States have been improving over the past few months, and recent findings reveal that March is on track to be another positive month for American merchants, as consumers spend more money amid their increasing confidence.
Fox Business reports that statistics from Redbook Research showed that during the first three weeks of March, chain store sales throughout the country rose by 0.6 percent. While this did not meet the 1.2 percent expected gain, it is positive news, as the final days of the month could see a strong boost for retailers to round out a solid month of growth. Year-over-year, Redbook found that seasonally adjusted sales were up by 2.8 percent, the news source explains.
March is following an extremely positive month for retail sales, as Modern Materials Handling cites research from the National Retail Federation revealing that sales totals reached $421.4 billion in February. This represents a 1.1 percent increase from January, and was the largest rate of growth since September 2011. These findings lay down the foundation for a strong 2013 for American merchants.
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