date:May 27, 2014
typically beat by 3%, the firm said.
Extreme winter weather through February and March forced store closings and stifled sales, Swampscott, Massachusetts-based Retail Metrics said. Lower- and moderate-income consumers had little discretionary spending power, and chains also faced price competition from e-commerce sites.
The American consumer is not fully back and remains cautious, Ken Perkins, Retail Metrics president, wrote in the report.
Whats more, the expectations the chains are missing h