A combination of cold, snowy weather and an earlier Easter meant that sales of spring or early summer merchandise got off to a chilly start for retailers in March.
US Commerce Dept.: Unseasonably warm weather, an earlier Easter holiday and rising consumer confidence helped lift retail sales in March.
There were few losers among the retailers we track for the month of March, with a dozen retailers reporting positive results and just two retailers — Bon-Ton Stores and Stein Mart — in negative territory.
Same-store sales for the month of March rose an average of 2.5 percent according to Kantar Retail, which tracks monthly sales at major retailers. The lackluster performance was blamed on high fuel prices and a shift in the Easter holiday. “What’s encouraging is that the Easter-related letup in sales wasn’t as severe as expected by […]