Retailers report slowing sales gains for FebruaryThe Associated Press | March 08,2013NEW 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 National / World BusinessNEW YORK — Microsoft’s new Windows system for smartphones addresses many of the shortcomings in... Full Story
- Most Popular
- Most Emailed
- TODAY'S WEATHER MINUTE: Flood watch in effect for Rutland County, developing El Nino shaping up to be extreme this year, Don DeLillo on the season's warming trend and Veena catches digital sniffles, all in today's minute.
- TOMORROW'S HEADLINES TODAY: Dramatic river rescue in Southern Vermont, Castleton moving ahead on sale of old town office building, Passover celebrated in Woodstock.
- TOMORROW'S HEADLINES TODAY: Woodstock Ave. lane reconfiguration trial will go forward despite resistance, Rutland city engineer decamps for greener pastures in flatlands, technology changes the way many people file tax returns.