Jun
17

Weak May Retail Sales Disappointing

By
– Retail Traffic

May’s retail sales numbers might disappoint those who hoped the current downturn is nearing an end, industry experts say. Although the U.S. Department of Commerce reported a seasonally adjusted 0.5 percent preliminary increase in total retail sales for the past month, to $340 billion from approximately $338 billion in April, the big picture reveals some concerns. The sales figures are down almost 10 percent year over year and retailers’ same-store sales figures were also off considerably from last year’s levels. The fact that Wal-Mart, the biggest retailer in the country, stopped reporting same-store sales results in May likely skewed the figures lower than they would have been otherwise.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://retailtrafficmag.com/news/weak-may-numbers-green-shoots-0616/index.html
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