46°FThunderstorm Light Rain and BreezyFull Forecast

March retail revenue figure inches up

NEW YORK – U.S. retailers are reporting a key revenue figure rose slightly in March, as shoppers held back on spending because of the cold weather across the nation, particularly the Midwest and East Coast, and continued fears about the economy.

Overall, 14 retailers reported on Thursday that revenue at stores open at least a year — a key indicator of retail health — rose an average of 0.6 percent, according to research firm Retail Metrics. Including drugstores, the number was slightly higher, up 1.5 percent.

“While clearly that’s not a great number by any stretch, it could have been worse,” said Ken Perkins, president of Retail Metrics. “Wintry weather conditions persisted deep into March depressing spring apparel, home and garden, and seasonal merchandise sales.”

He expects April to be stronger, as the weather improves and customers respond to strong fashion trends such as colorful jeans. An earlier Easter, which meant one less selling day in March, will also help April results, he said.


Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.


Reader Poll

If the Cubs and Indians went to Game 7, which starter would you want on the mound?
Jon Lester
Kyle Hendricks
Jake Arrieta
John Lackey