Late Easter cuts March retail sales

Article Abstract:

Retailers have reported considerbaly slim sales increases in Mar 2000 largely because of a calendar shift in the Easter holiday that typically begins the spring shopping season. Industry observers generally are unconcerned about this development since the key drivers behind consumer spending have remained strong. These driving forces are high consumer confidence, low and stable inflation and real wage and salary growth. Retail sales in April will likely increase because the Easter holidays will fall on this month in 2000.

Financial analysis

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Retail sales slow, but outlook good

Article Abstract:

The retail industry is experiencing a mild slowdown in sales as the critical holiday shopping period draws near. Sales data reveal that the slowdown is more apparent in the apparel sector but is beginning to spread to include the discount group. Retail sales for Nov 2000 have gone up 3.1% but are below analysts' target of 3.4%. Projections for 2000 call for a 6% sales increase in the general merchandise, apparel and furniture sales, reflecting unsettling trends.

Market information - general

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Retail sales 'much weaker'

Article Abstract:

Retailers have only posted a .2% sales increase in the Christmas holiday season of 2000, compared with a 6.1% surge in 1999. Disappointing holiday shopping results is blamed to a slowing economy, a falling stock market and higher costs of gasoline that together discouraged consumers from shopping more. To clear out merchandise and bolster profits, retailers are forced to put their products on sale until Jan 2001.

Sales, profits & dividends, Retail Stores

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