ANALYSTS: 0.1% SALES DIP MIGHT BE WEATHER-RELATED

WASHINGTON (FNS) -- Grocery retail sales figures slipped slightly last month, but analysts said the 0.1% decline from December in seasonally adjusted dollars was probably due to the weather. According to Commerce Department figures released last week, grocery store sales hit $33.8 billion in January.ales rose a moderate 0.6% in January to $209 billion, a 4.9% increase over the same month last year.Cody

WASHINGTON (FNS) -- Grocery retail sales figures slipped slightly last month, but analysts said the 0.1% decline from December in seasonally adjusted dollars was probably due to the weather. According to Commerce Department figures released last week, grocery store sales hit $33.8 billion in January.

ales rose a moderate 0.6% in January to $209 billion, a 4.9% increase over the same month last year.

Cody S. McGarraugh, an analyst with Scott & Stringfellow in Richmond, Va., said the changes in the grocery and food-store sales figure were primarily weather-related.

Sponsored by: Tyson Deli

SN’s Spotlight on Deli/Fresh Meals series profiles large chains and independent retailers who show innovation in their deli and fresh meals departments. Click Here

Twitter Facebook Youtube Iphone APP RSS Feeds Google Plus