We're starting the morning off with a quick look at retail sales figures for major chain stores. Last week, the week ending 3/5, the figures were mixed. Weekly sales had improved substantially (up 2.3%), but the year-over-year sales were only up 2.6% (a decline from the previous week).
Moving into the week ending 3/12, Econoday is reporting another week of mixed results. Week-over-week sales were up a paltry 0.1%, while year-over-year sales are up a robust 3.1%. They also say that the report shows an increase in drug store and discount store sales, while sales declined at clothing and department stores.