May 4, 2012, major retailers operating in the United States, including Costco, Macy’s and Target, reported dismal sales for April.

In fact sales were below what analysts and experts were predicting.  It was hoped that the retail industry would see at least a 1.5% increase in sales, instead they got a stagnant 0.8%!  It’s the worst April since 2009!!!

The U.S. retail industry represents 70% of all U.S. economic activity.  Some analysts blame the lack of increased consumer spending on the fact that unAmerican Corporate America continues to layoff employees!