Retail sales fall short in first week of May
May 14, 2002,
New York — With seasonal business coming up short, stymied by soggy, stormy weather in parts of the country, same-store sales moved up by 1.7 percent above year-ago levels during the first week of May but still fell short of plan, according to the Redbook Retail Sales Average.
Redbook analyst Carlin Levis said year-over-year sales had been expected to climb even higher, by 2.4 percent. On a month-over-month basis, sales fell off by 0.5 percent from April levels, compared with a modest targeted increase of 0.2 percent.