Retail Trade Group Lowers Annual Sales Forecast

WASHINGTON, D.C. — The nation’s largest retail trade group has lowered its annual sales forecast because of slower-than-expected growth during the first half of the year tied to winter storms and some lingering economic woes. The National Retail Federation said Wednesday that it now expects retail sales to rise 3.6% this year to $3.19 trillion, instead of its original projection of a 4.1%, released in early February. The figures include sales in stores and online, but exclude automotive sales and sales at gas stations and restaurants.