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Commerce Department Reports Retail Sales Drop Sharply In September

10/15/2008 3:00:00 AM
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PASADENA, CA - OCTOBER 15:  Shoppers look at handbags in a shopping mall on October 15, 2008 in Pasadena, California. U.S. retail sales in September plummeted by the largest amount in three years, with the Commerce Department reporting that retail sales dropped 1.2 percent, almost twice the 0.7 percent drop that had been expected. It is the biggest decline since August 2005 when retail sales fell 1.4 percent.    (Photo by David McNew/Getty Images)
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PASADENA, CA - OCTOBER 15: Shoppers look at handbags in a shopping mall on October 15, 2008 in Pasadena, California. U.S. retail sales in September plummeted by the largest amount in three years, with the Commerce Department reporting that retail sales dropped 1.2 percent, almost twice the 0.7 percent drop that had been expected. It is the biggest decline since August 2005 when retail sales fell 1.4 percent. (Photo by David McNew/Getty Images)

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