Cold weather lifts U.S. retailers' January sales
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Frigid winter winds blew life into U.S.  retailers' January sales as consumers snapped up cold weather  clothes that were left on the shelves from the holiday season.
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U.S. retailers may have a happier  holiday season than expected just a month ago, as shoppers  cheer up after the elections and start thinking about what to  buy as the weather gets cold, analysts said.
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Retail spending, hurt by a falloff in auto sales, dipped slightly in January, but demand stayed strong in other areas as people rushed to malls with their Christmas gift cards.
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Sales at retailers unexpectedly rose  0.3 percent in January, partly reflecting stronger sales of new  cars and gasoline, according to a Commerce Department report on  Wednesday.
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NEW YORK -- The nation's retailers, once hopeful for a strong spring selling season, are being forced to ratchet down their expectations after sales stalled amid the chill of February.
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U.S. retail sales dipped 0.3 percent  in January, as expected, as automobile sales fell sharply, but  purchases outside the volatile car sector gained a healthy 0.6  percent, a government report showed on Tuesday.
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Wal-Mart Stores Inc.  said on Saturday it still expects a 2 percent to 4 percent increase in January sales at its U.S. stores open at least a year.
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Costco Wholesale Corp.  on Thursday  reported a 2 percent rise in January sales at its stores open  at least a year, saying sales were hurt as the five-week period  included one day less due to the New Year holiday.
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U.S. retailers like Wal-Mart Stores Inc.  and Federated Department Stores  reported weak February sales on Thursday, saying the month's cold temperatures and stormy weather hampered results.
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Retail sales rose a sluggish 0.1 percent in February amid unusually cold weather, and late mortgage payments and home foreclosures rose at the end of last year, according to reports that raised concerns about the economic outlook.
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WASHINGTON -- Sales at the nation's retailers edged up by 0.1 percent in February as bad winter weather in many parts of the country kept shoppers away from the malls.
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US retail sales fell 0.3 percent in January on slower auto sales, but were up 0.6 percent excluding the automobile sector, the Commerce Department said.
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Post-holiday clearance sales and  gift-card redemptions boosted January sales at major U.S.  retailers, but the harsh winter weather that hit the Northeast  and Midwest late in the month capped consumers' spending.
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Wal-Mart Stores Inc.  said on Saturday it still expected a 2 percent to 4 percent increase in January sales at its U.S. stores open at least a year, in line with its previous forecast.
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While consumers pulled back, January retail sales still came in ahead of expectations giving the markets a lift.
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WASHINGTON -- Retail sales, hurt by a big drop in auto purchases, slowed in January to the weakest performance in three months.
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January retail sales were  unexpectedly flat as motor vehicle, gasoline and electronics  sales dipped sharply in the post-holiday season after a  December that was stronger than originally indicated, a  Commerce Department report showed Wednesday.