Comment on Retail sales surge in April despite higher gas, food prices

Retail sales surge in April despite higher gas, food prices

Big chains report an 8.9% increase from a year earlier, led by discounters and apparel stores. A later Easter is considered only partly responsible for the big jump. Luxury retailers look forward to strong sales.Rising gas and food prices couldn't stop shoppers from storming the malls last month, leading to a surge in sales at the nation's retailers and continuing the recent momentum in consumer spending.

 

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