I thought you would be interested in the following story from The Wall Street Journal by Joan E. Solsman
U.S. retail sales are expected to rise 3.4% this year, the slowest rate since 2010, as consumers lower spending because of a tax bite to their paychecks and bickering among policymakers over fiscal matters, according to the industry’s biggest trade group.
The National Retail Federation‘s projection for 2013 is below its preliminary 4.2% growth rate for 2012 and the 5.8% rate in 2011. It expects many of the issues that affected retail sales during a lackluster holiday season–worries about the economy’s direction and increasing online competition–to persist early this year. The forecast excludes automobiles, gasoline stations and restaurants.