Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
US retail sales miss Street estimates Thursday, 3rd May 2012
US sales for April missed Wall Street estimates as colder temperatures and an early Easter compounded concerns for the economy, leaving shoppers reluctant to spend.
"Early results show there was a sequential slowdown from a particularly strong February and March," said Ken Perkins, president of Retail Metrics LLC, a research firm as reported by the Associated Press."Weather cooled, and consumers took a bit of a breather. But spending is still decent."
Some of the States' largest retailers on Thursday reported disappointing sales after delivering strong results in February and March. Costco, Macy’s and Target made up part of the group included in Retail Metric's analysis, which accounts for 13 per cent of overall US retail sales, excluding gas, autos and online-only stores such as Amazon.