Retailers Report Good Jan. Despite Storms
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Consumers lured by clearance sales of winter merchandise gave many of the nation's merchants solid sales in January despite heavy snowstorms in the Midwest and Northeast.
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Description: Shoppers and retailers are in the thick of the buying season. But at stores in the Washington, DC, area, retailers are keeping their expectations realistic.
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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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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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Wal-Mart Stores Inc. WMT.N  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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Area retailers slashed prices and stayed open longer than usual the day after Christmas, hoping to boost sales after a snowstorm slowed shopping just days before Christmas.
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By Pat Kimbrough, High Point Enterprise, N.C.  Dec. 9--HIGH POINT -- It isn't just retailers that benefit from the  consumer spending bonanza during the holiday season.
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As the first signs of winter push into the Northeast, researchers have some good news for fair weather fans â-pring is coming earlier than it used to.
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The nation's retailers had a slow start to the spring season as unseasonably cold weather in February chilled demand for lightweight apparel and left merchants with disappointing sales. The slowing economy, particularly the weakening housing market, could challenge shoppers in the months ahead.
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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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NEW YORK -- 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.
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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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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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Some retailers are benefiting from the rash of hurricanes.
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NEW YORK (Billboard) - Just when it seemed erosion of music sales during the holiday season couldn't get worse, December snowstorms compounded the retail industry's misery.
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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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UK retail sales bounced back in January after the worst December in three years, a survey says.