U.S. retail receipts jumped 4.7 percent in the week ending Saturday, a trade
group in Washington said.
The International Council of Shopping Centers-Goldman Sachs weekly sales report said sales rose week to week with a boost from Easter's early arrival. In 2012, Easter fell on April 8, while this year it came on March 31.
Cool weather continued to keep enthusiasm for spring items at bay, the report said. Compared to the same week a year earlier, sales were up 1.9 percent. At the same time, average temperatures for the week were 13.4 degrees Fahrenheit colder than the same week of 2012.
Weather Trends International Inc. said the current week was "another drastic decline in year over year temperatures, which made for continued unfavorable conditions for seasonal spring categories across the eastern two-thirds of the nation ... Meanwhile, the West [had] extremely favorable [weather conditions] with temperatures trending the third warmest in more than 22 years with relatively dry conditions."
Most Popular Stories
- U.S. Families 'Extraordinarily Vulnerable': Yellen
- Hillary Clinton to Address CHCI Conference
- Larry Ellison Steps Down as Oracle CEO
- Alibaba Prices IPO at $68 a Share
- Apple Locks Itself Out of Devices
- Veterans to Get Training as Solar Panel Installers
- Hispanics Doubt Marco Rubio's Chances
- Wildfires Rage in California
- John Cantlie Delivers ISIS Message to Save Life
- Alibaba: Today China, Tomorrow the World