Retail sales down in January, but strong year-over-year — ChainStoreAge.com

Retail sales were down in January, but have grown year-over-year, according to the National Retail Federation:

Core retail sales — excluding restaurants, automobiles and gasoline — were down 1.27% month-over-month in January, but up 5.72% year-over-year, according to the CNBC/NRF Retail Monitor, released Monday by the National Retail Federation. That compared with increases of 2.19% month-over-month and 8.41% year-over-year in December.

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