Retailers report modest gains for April

NEW YORK (AP) ? Shoppers, encouraged by signs of an improving economy, picked up their spending in April from March despite cold weather that stopped them from buying spring clothes.

According to a preliminary tally of 11 retailers by the International Council of Shopping Centers, released Thursday, revenue at stores open at least a year rose 3.4 percent in April from last year. That's up from a 2.2 percent gain in March but still shows modest growth.

For the March-April period, the measure rose 2 percent.

Only a sliver of the nation's retailers now report monthly figures, but the data offers a snapshot of consumer spending.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-05-09-Retail%20Sales/id-be1a2ea37d864def94ea9bcdd7d38d15

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