Retailers report slowing sales gains for February
NEW YORK — Americans cut back on spending in February as cold weather and economic challenges chilled their appetite for spring merchandise.
The nation’s retailers on Thursday reported that sales slowed in February, a time when most stores get rid of winter merchandise and bring in swimsuits, ankle length pants and other spring fashions.
But Americans spent more judiciously during the month as they contended with an increase in the payroll tax of 2 percentage points, income tax refunds that came later than usual and rising gas prices.
Winter storms throughout much of the country in February also likely made spring merchandise less appealing to them.MORE IN World/National BusinessNEW YORK — Stocks ended higher Wednesday, recovering the most of their losses from the day... Full StoryNEW YORK — Diversity will get an extra push at this week’s BookCon and BookExpo America. Full StoryWASHINGTON — Amtrak said Tuesday it will install video cameras inside locomotive cabs to record... Full Story
- Most Popular
- Most Emailed