Price changes did not have a significant effect on overall retail sales in May as retail sales at constant prices increased by 2.5%, a rate of growth not seen since the 2.9% increase in November 2001.
Another retail sector affected by the unusual weather patterns observed this spring is the clothing and accessories stores sector. Clothing stores, the dominant group in this sector, saw sales rise by 5.9% in May, more than offsetting a 3.9% decline in April. Although they have fluctuated since January 2007, sales at these stores have been generally trending up.
marketing@alchempro.com
