Retailers Report Weak January Sales
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Wal-Mart reported a slim half-point gain in sales at stores open at least a year and sales dropped at Limited Brands, Pacific Sunwear and Wet Seal, offering more evidence of a stumbling economy.
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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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Citing weak January sales and a difficult retail environment, the retailer said it also expects fourth-quarter revenue to fall short of expectations.
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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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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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Sales at U.S. retailers fell 0.4  percent in December and were less vigorous in November than  previously thought, according to a government report on Tuesday  that implied costlier energy and slumping housing prices were  taking a toll on consumers.
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Retailers felt the pinch following the Christmas trading period as sales plunged by 1.8 percent in January, the biggest monthly fall in four years, official data has shown.
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UK retail sales were weaker in January than a year ago, but shops remain cautiously optimistic about February, a study by the CBI says.
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US retail sales fall in January, dragged lower by a heavy fall in car sales, the Commerce Department reports.
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- Pier 1 Imports Inc.  said it recorded a 13.2 percent fall in January sales at stores open for at least a year.
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Ford Motor Co.  on Tuesday posted a 5.4 percent fall in U.S. vehicle sales for January, its eighth straight month of weaker results, as stronger sales of its new cars failed to offset falling SUV and minivan sales.
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Retail sales posted a surprising rebound in January following a dismal December, although much of the strength reflected rising gasoline prices. Economists saw the increase as a temporary blip rather than a sustained recovery.
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NEW YORK -- The nation's retailers reported mixed results in January as frigid weather came too late in the month to help merchants clear out winter inventory. But stores' business did get a lift from the redemption of holiday gift cards.
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U.S. retailers reported largely disappointing February sales results on Thursday, as cold temperatures and stormy weather hampered sales of spring merchandise.
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Retail sales, hurt by a big drop in auto purchases, slowed in January to the weakest performance in three months.
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US retail sales barely rise in January, figures show, as consumers pause for breath after a hectic end to 2006.