Retail sales grew 2.8% in the week ended April 27, after rising 1.8% the week before, according to the weekly retail sales report released by Johnson Redbook Tuesday.
Month-to-date, April was up 2.2% compared to April of last year (relative to a target of a 2.6% gain). Month-over-month showed a 2.5% drop (relative to a target of a 2.1% drop).