• 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
    NEW YORK — Best Buy’s profit jumped 21 percent as the nation’s largest consumer electronics... Full Story
    Best Buy posts higher profit, better online and store sales
    NEW YORK — It’s getting rarer for phone launches to generate excitement these days — especially... Full Story
    Android makers really want to make their phones eye-catching
    More Articles