Same Store Retail Sales Down On Clearance And Discounting

Reflecting promotional clearances and price discounting, dollar sales at the nation's retailers ratcheted down to plus 1.7 percent from 2.9 percent in the January 9 week, according to Redbook's same-store year-on-year sales tally. Most retailers, the report says, are planning to bring in spring merchandise in the middle of the month. It expects those with large stocks of unsold winter goods to cut profit margins.