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Retail Sales Up in March

Tops analysts’ expectations




Retail sales grew 0.8 percent, the Commerce Department announced this week. The increase follows a 1 percent growth in February and beat economists’ expectations for a rise of only 0.3 percent.

“It's a clear sign that U.S. consumer spending remains strong. On balance I think it's the latest sign here that the economy is outpacing a lot of its major counterparts in recovery,” Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington, told Reuters.

Among the sectors, sales of motor vehicles rose 0.9 percent; clothing store sales grew 0.9 percent; building materials and garden equipment suppliers increased 3 percent; sales at restaurants and bars edged up 0.3 percent; and sales at sporting goods, hobby, book and music stores were up 0.5 percent. In its largest gain since October, sales of electronics and appliances rose 1 percent.



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HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

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