By  on April 11, 2014

Retail sales last month fared worse than the shift in the timing of Easter could explain, touching off concerns about first-quarter inventories and margins as well as the biggest sell-off of retailers’ stocks this year.

Reporting retailers, excluding drugstores, had a 2.2 percent increase in comparable-store sales for the month, better than the 1.4 percent gain expected. But the positive end result came almost exclusively from Costco Wholesale Corp.’s results, which included a 6 percent increase in U.S. comps.

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