Analysts say this first spring event will drive stronger sales growth and defend the company's competitive position. We tend to agree.
Amazon 's first spring sale event should help the online retailer get a jump on its rivals for the season and boost revenue for the first quarter. The " Big Spring Sale ," which starts Wednesday and runs through March 25, is expected to "drive stronger growth and defend its competitive position," analysts at JMP Securities wrote in a note to clients.
3% for the month, while shopping at clothing stores dropped roughly 0.5%. To be sure, consumers have some wiggle room for discretionary purchases and spending on experiences. Electronics purchases and spending at restaurants and bars rose 1.5% and 0.4%, respectively, from January to February. However, it's worth noting that retail sales are not adjusted for inflation , which increased 0.4% in February.
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