Page 2 of 2 Previous

Continued: US economic growth looks weaker in 2nd quarter after subpar growth in retail sales

  • Article by: MARTIN CRUTSINGER , AP Economics Writer
  • Last update: July 15, 2013 - 12:55 PM

Monday's government report comes after some retail chains reported their best sales gains since January. Revenue at stores opened at least a year rose 4.1 percent in June compared with the same month a year ago, according to a preliminary tally of 13 retailers by the International Council of Shopping Centers.

June is typically when stores clear out summer merchandise to make room for fall goods. Brisk sales mean that stores probably won't be stuck with piles of summer clothes that need to be cleared as back-to-school sales kick off in late July.

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close