Retail
Retail Sales on Track for Lower Growth
March 4, 2013 12:30 pm
Last Updated: April 28, 2020 4:07 am
The largest gains are forecast at discount stores such as Big Lots Inc. (NYSE: BIG), Costco Wholesale Corp. (NASDAQ: COST), PriceSmart Inc. (NASDAQ: PSMT) and Family Dollar Stores Inc. (NYSE: FDO).
The research firm attributes the lower comparable store sales to delays in getting refunds to taxpayers, the impact of higher payroll taxes on income, higher gasoline prices in February, and cooler weather which delayed the start of sales of spring clothing.
Retail same-store sales figures are due to be released later this week.
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