Redbook: US Retail Sales Down 0.2% In First 4 Weeks Of April Vs March
First Published Tuesday, 1st May 2012 01:19 pm - © 2012 Dow Jones
Dow Jones NEWSWIRES
National chain store sales slipped 0.2% in the first four weeks of April from March, according to Redbook Research's latest indicator, released Tuesday.
The index's fall compared with a targeted 0.1% gain.
The Johnson Redbook Index also showed seasonally adjusted sales for the period were up 3.2% from last year, compared with a 3.5% targeted gain.
Redbook said sales for the month were short of retailers' target as results were hurt by the early Easter holiday as well as tough comparisons with the year-earlier period.
Sales for the week rose 2.9% year-over-year.
-By Lauren Pollock, Dow Jones Newswires; 212-416-2356; firstname.lastname@example.org