‘The slow road to recovery turns into a sprint’
May 17, 2010
Filed under Features
March and April showed a significant up tick in retail industry sales, which exclude automobiles, gas stations and restaurants, according to the National Retail Federation (NRF).
April retail industry sales increased 0.5 percent over March and 4.6 percent year-over-year. Sales for March and April increased 5.6 percent over last year’s months.
“The slow road to recovery is turning into a sprint as retailers experienced a nice bounce in April,” NRF President and CEO Matt Shay said in the release. “But maintaining this sales momentum will be challenging. Until our economy begins to create jobs and reduce unemployment, the breadth and sustainability of this recovery remains uncertain.”
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