The weather during the first quarter of 2012 was remarkable. Absolutely remarkable. And this could translate into big numbers when the March 2012 U.S. Advance Monthly Sales for Retail and Food Services results are released by the Commerce Department on Monday, April 16th.
Temperatures were warmer than we’ve ever measured across a large portion of the United States and spring began much earlier than normal in many places.
Specifically, March was incredibly warm with thousands of heat records smashed in the huge population centers across the eastern half of the U.S.
Setting aside the inevitable debate about global warming, the statistics are stunning and a major positive factor as it relates to retail sales and the economy. Retailersbenefited from the incredible warmth and earlier Easter and posted very strong high margin sales.