The U.S. Department of Commerce (DOC) said on Wednesday that December U.S. retail sales fell around 2.7 percent in reaction to weak demand and lower prices. It was the sixth month in a row that sales declined, the longest on record.
Only health and personal care stores managed to increase sales from November levels.
Excluding gasoline and autos, December sales were down 1.5 percent, the largest drop since September 2001. Sales at furniture stores dropped 1.8 percent.