New Economic Stimulus Bill Expected to Boost Sagging Retail Sales
LOS ANGELES, Feb 13, 2008 / FW/ — With January retail sales rising only 2.0% unadjusted over last year and 0.1% seasonally adjusted from December, the newly signed Economic Stimulus Bill is being welcomed by retailers with the hope that it will boost sagging retail sales. According to the National Retail Federation (NRF), last month, consumers were focused on buying necessities more than discretionary items. January retail sales released today by the U.S. Commerce Department show total retail sales (which include non-general merchandise categories such as autos, gasoline stations and restaurants) increased 0.3 percent seasonally adjusted from last month and