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Retail Sales Dip Again
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Published: March 24, 2009
NEW YORK - A later-than-normal Easter has impacted
chain store sales this month, according to an
agency that tracks the retail industry.
The International Council of Shopping Centers
reported Tuesday that the retail sector
experienced another weekly decline in sales (0.4
percent) for the week ending March 21.
The year-over-year decline was at 1.4 percent.
Lately, the week-to-week changes have been
positive for the retail industry. Five out of the
previous eight weeks have seen increases — there
were three week-to-week improvements alone in
February — but March's sales have been sluggish.
One ICSC economist pointed to a Gallup Poll taken
earlier in the month that said consumer optimism
is improving, although it is still "quite low."
Retailers tend to use the Easter sales to induce
shoppers.
The holiday is on April 12 this year.
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