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 were hopeful on Monday that a dusting of snow on the East Coast would put consumers in the Christmas shopping mood after what has so far been a ho-hum holiday sales season.
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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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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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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.
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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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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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Shoppers put aside worries about the slumping economy to go to the malls and auto dealerships in January. That propelled retail sales to a surprising rebound following a dismal December.
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Sales at retailers rose 0.3 percent  in January, which was an unexpected pickup that partly  reflected stronger sales of new cars and gasoline, according to  a Commerce Department report on Wednesday.
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U.S. retail sales dipped 0.3 percent  in January 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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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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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.
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Wal-Mart Stores Inc  said on Saturday that preliminary data show sales at U.S. stores open at least a year rose approximately 2.5 percent in January.
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Consumers lured by clearance sales and a fresh assortment of spring clothes gave many of the nation's retailers solid sales in January and hopes for even stronger business in the months ahead. Late-month snowstorms in the Midwest and Northeast depressed results for some merchants, but didn't hurt the industry's overall performance.
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WASHINGTON -- Shoppers put aside worries about the slumping economy to go to the malls and auto dealerships in January. That propelled retail sales to a surprising rebound following a dismal December.
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Last-minute shopping helped U.S.  retailers boost sales in December after a slow start to the  holiday season, but hefty discounting caused some companies to  warn profits may be squeezed,
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NEW YORK, Feb. 7 -- The nation's retailers delivered more evidence of a stumbling economy Thursday, as merchants reported their weakest January performance in nearly four decades.