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Retailers' Spirits Caught a Spring Chill

NORTH PLAINFIELD, NJ-Only 44% of shop managers polled by Levin Management said their retail sales this spring were equal to or better than last year. Only 23% said they plan to open new stores this year.

By Antoinette Martin | Updated on July 11, 2013

NORTH PLAINFIELD, NJ-It may be a bit hard to reflect on this amidst July’s swelter, but it was evidently the coolness of spring and off-and-on rain last Memorial Day that dampened retail sales and traffic in the second quarter of the year.

Levin Management reports less-than-anticipated year-to-date sales and traffic for some retailers within its 90-property portfolio – and attributed mostly to the weather. The trend ran counter to national reports on retail markets for the spring months.

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