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Article: National Retail Foundation Revises 2003 Sales Forecast, Predicts Modest Gain.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 2, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Doris Hajewski, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News
Apr. 2--Citing war concerns, the National Retail Federation has revised its 2003 sales forecast, now predicting a gain of 3.8 percent for the year, down from a 5.6 percent increase announced in January.
The announcement from the world's largest retail trade group comes at the same time analysts are reducing their sales expectations for March for several large retail chains.
In a weekly recorded announcement on sales results, Wal-Mart said it expects sales to come in at the low end of its internal plan calling for a low single digit gain in sales at stores ...