Moody's sees more problems with retail sales than just weather


Moody's notes retail sales in February were strongest in less discretionary categories like food while the underlying shift to online shopping by consumers continues.

The research firm expects that it's unlikely that all the lost sales in February due to weather will be recovered and thinks Q1 results will trail current forecasts.

Retail sales were only up 1.3% in February from a year ago. That sluggish mark of forward progress has many retail analysts siding with Moody's that there is more than just a bad stretch of weather going on in the U.S.

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