This month could be a good one for the nation's retailers, as recent research has revealed that sales increased during the first week of March. This finding follows news of rising consumer confidence throughout the country, and more optimism could certainly be seen in retail sales over the coming weeks.

Dow Jones reports that the latest figures from Johnson Redbook Research discovered that during the first week of March, sales jumped 0.6 percent from February. Seasonally adjusted sales also increased, up by 2.7 percent from the same time a year ago. Johnson Redbook explained that March retail sales are expected to get a boost due to the Easter holiday falling within the month, although those numbers will not be released until April.

Rising consumer confidence is also playing a major role in retail sale improvement. The most recent Bloomberg Consumer Comfort Index increased for the fifth straight week during the beginning of March, coming to minus 32.4. This is up from the previous week's figure of minus 32.8, the source explains. Individuals stated now is a good time to buy products and services, as the American economy continues to recover.

This entry was posted by Retail Pro on Wednesday, March 13th, 2013 at 6:58 am .