Retail sales barely budge in February
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Sales at the nation's retailers barely budged in February as bad winter weather kept already cautious shoppers away from the malls.
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Retailers reported largely disappointing February sales results on Thursday, as cold temperatures and stormy weather hampered sales of spring merchandise.
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The nation's consumers, uninspired by this season's fashions and rattled by high gas prices and the weakening home market, shopped gingerly last month, extending the misery of retailers who have struggled with a spending slowdown since February.
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Several U.S. regions noted slower economic growth in the last weeks of February but price pressures remained little changed despite tight labor markets, the Federal Reserve said on Wednesday.
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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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WASHINGTON, Feb. 14  â Retail sales, hurt by a big drop in autos, slowed at the start of the year while business inventories had their poorest showing in 17 months.
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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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U.S. shoppers have kept a tight grip on their wallets this holiday season with indices on Tuesday showing sluggish sales in the second week of the  season.
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Inflation pressures fell in February due mainly to measures for vendor performance and the job market, which were partly offset by inflationary moves in interest rates and commodity prices, a report said on Friday.
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General Motors Corp.  said on Thursday that U.S. sales rose 3.4 percent in February, driven by an increase in retail sales, but set its target for second-quarter production 5 percent lower than a year ago.
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Same-store sales for the month come in short of the company's forecast.
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Retail sales fell 0.3 percent in January  --  the weakest showing in five months  --  as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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Wal-Mart says its February sales in the US missed both its own expectations and those of Wall Street analysts.
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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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Retail sales fell 0.3 percent in January &#151; the weakest showing in five months &#151; as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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Business confidence in Germany slipped again in February, hit by the temporary dampening effects of an increase in VAT sales tax.
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Gap Inc.  said on Thursday that sales at stores open at least a year fell 4 percent in February.