Modest Retail Recovery in May

A modest retail recovery continued during the month of May as discounters, drug stores and mass merchants led sales gains among retailers. A composite of 30 retailers reporting sales for the four-week period ending May 30 showed same-store gains of 2.7% compared with the same period last year, according to Kantar Retail here. Kantar noted the May result was stronger than the 1.2% gain

COLUMBUS, Ohio — A modest retail recovery continued during the month of May as discounters, drug stores and mass merchants led sales gains among retailers.

A composite of 30 retailers reporting sales for the four-week period ending May 30 showed same-store gains of 2.7% compared with the same period last year, according to Kantar Retail here. Kantar noted the May result was stronger than the 1.2% gain the same group posted in April, but slightly below expectations overall.

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