retail sales

Retail trade sales in January fell lower than expected at 6.4 percent year-on-year, Statistics South Africa (Stats SA) said on Wednesday. Market forecast was that retail sales would be moderate to 7.5 percent after reaching 8.23 percent in December. "Retail trade sales in real terms increased by 6.4 percent year-on-year in January 2011. The highest annual growth rate was recorded for retailers in pharmaceutical and medical goods, cosmetics and toiletries followed by retailers in hardware, … [Read more...] about January Retail Sales Lower Than Expected