Retail sales gain on higher gas prices, but consumer still pulling back

“…if you look at eating out, dining, department stores, the consumer is pulling back – the evidence is there. It’s nice to see a positive number, we just need to sustain that.”

Kristin Bentz, executive director of the private equity firm PMG Venture Group, admits she did expect the February results to be a little worse given the consumer headwinds. However, she says she thinks we will see that pullback with the effects of the sequestration start to trickle in.”

Here is a direct link to the video interview.

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