Retailers report slowing sales gains for FebruaryThe Associated Press | March 08,2013NEW YORK ó Americans cut back on spending in February as cold weather and economic challenges chilled their appetite for spring merchandise.
The nationís retailers on Thursday reported that sales slowed in February, a time when most stores get rid of winter merchandise and bring in swimsuits, ankle length pants and other spring fashions.
But Americans spent more judiciously during the month as they contended with an increase in the payroll tax of 2 percentage points, income tax refunds that came later than usual and rising gas prices.
Winter storms throughout much of the country in February also likely made spring merchandise less appealing to them.MORE IN National / World BusinessKILLINGTON — The Inn of the Six Mountains has been sold to a group of investors, including... Full StoryLUDLOW ó Itís a good sign for the local business climate when back-to-back ribbon cuttings are on... Full StoryDanielle Monroe moved to Vermont from New York City on a whim 10 years ago. Full Story
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