INDUSTRY RETAIL SALES OFF IN DEC.

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  • Additional Information
    • Subject Terms:
      UNITED States. Dept. of Commerce
    • Subject Terms:
      BETHUNE, Brian
    • Abstract:
      The article deals with a report by the U.S. Commerce Department that total retail sales in December 2007 in the country fell 0.4 percent. Sales at apparel and accessories stores fell a seasonally adjusted 2 percent, while department store sales dipped 0.4 percent, amid heightening anxiety the economy is on the brink of a recession. The author says that overall holiday selling season was not as weak as retailers had expected. Economist Brian Bethune explains the effect of skyrocketing gasoline prices on consumer spending.