August retail sales see biggest increase since March

09/14/2010 | Google

U.S. retail sales increased 0.4% in August, marking the second consecutive rise in monthly retail sales and the largest increase since March, according to Commerce Department figures. Department stores, apparel retailers, discounters and sporting-goods chains were among the retail segments that saw an uptick last month, evidence that retail is likely recovering after a spring slump that spurred fears of a second recession.

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