Monday, April 16, 2007

Retail sales climb 0.7 percent in March (AP)

A Macy's sign is shown at one the department stores in Miami, Thursday, April, 12, 2007. Spring looks bleak for the nation's retailers. After robust sales in March, there are signs that consumers are already spending less. And a trifecta of problems rising gas prices, a rougher housing market and the specter of higher interest rates are likely to make the retail business even tougher in the months ahead. Federated, which operates Macy's and Bloomingdale's, posted a modest same-store sales increase of 2.3 percent, below the 3.3 percent estimate from Wall Street. (AP Photo/Alan Diaz)AP - Retail sales rose in March at the fastest clip in three months as warmer weather and an early Easter put consumers in a buying mood.


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