• Retailers report slowing sales gains for February
    The Associated Press | March 08,2013
    • Email Article
    •  
    •  Print Article
     
    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.
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN National / World Business
    SAN FRANCISCO — If a foreign government is behind the massive computer attack that compromised a... Full Story
    In Yahoo breach, hackers may seek intelligence, not riches
    SAN FRANCISCO — LinkedIn wants to become more useful to workers by adding personalized news... Full Story
    LinkedIn adding new training features, news feeds and ‘bots’
    More Articles
  •