Report: Tri-Cities retail sales drop

prestonAyres By Preston Ayres, payres@wcyb.com
POSTED: 6:36 AM Dec 04 2012   UPDATED: 5:28 PM Dec 04 2012
JOHNSON CITY, Tenn. -

Retail sales continue to weaken in the Tri-Cities.

According to the ETSU Bureau of Business and Economic Research, we had a strong first quarter, but the second and third quarters of 2012 clearly show that the retail expansion is running out of gas.

Compared to last year, Bristol showed a slight increase of 1.9 percent.

In Johnson City, sales fell 1.5 percent, and in Kingsport, sales dropped 2.2 percent.

In comparison, the United States increased for the twelfth quarter in a row, rising 4.1 percent.

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