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Business

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Retailers see an increase in sales, but at slow pace

Several retailers reported modest sales gains for September as shoppers who were worried about a partial government shutdown and the overall economy pulled back their spending from the prior month.

The results increase concerns about how shoppers will spend for the crucial holiday season, the largest shopping selling period for retailers.

Revenue at stores opened at least a year – a measure of a retailer’s health – rose 2 percent in September, according to a tally of 10 retailers by the International Council of Shopping Centers. That was a slower pace than the 3.5 percent increase posted in August.

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