Retail Sales Slide in February

March 12, 2015  by in Economic News, Industry   

Retail sales dropped 0.6 percent last month following on the heels of a 0.8 percent decline in January. Much of the decline could be attributed to harsh winter weather that moved into much of the country during the second half of February.

The three-month slide was the first time since 2012 that retail sales have dropped three consecutive months.

Retail sales excluding automobiles, gasoline, building materials and food services remained unchanged from January.