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IPFS News Link • Economy - Economics USA

Retail Sales in May Underscores Uneven Path of Recovery

06-04-2010 • CNBC.com

Results were particularly weak in the West, which may not bode well for the sector, according to Wall Street Strategies analyst Brian Sozzi. The "retail recession began in the West, then led the recovery, and now appears to have softened for the second consecutive month depending on the retailer looked upon," Sozzi said. Several trends impacted results. The month began with some unseasonable weather, and the timing of the Memorial Day calendar shifted some sales into June. But factors do not explain away all of the lackluster performance.

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Reported By Jack Gregson

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