Retailers report slowing sales gains for FebruaryThe Associated Press | March 08,2013NEW YORK — Americans cut back on spending in February as cold weather and economic challenges chilled their appetite for spring merchandise.
The nation’s 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 BusinessWASHINGTON — The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. Full StoryMILAN — Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari... Full Story
- Most Popular
- Most Emailed
- Video: Fire engulfs house on Pine Street
- RICHARD'S POOR ALMANACK: V-2 No. 13, launched this day in 1946 from White Sands, New Mexico, takes first photographs of Earth from the edge of the planet's outer atmosphere; 1947: Walt Disney testifies before HUAC, names employees he says are communists.
- TOMORROW'S HEADLINES TODAY: Vermont's brand discussed at Killington, state's attorney candidates Marc Brierre and Rose Kennedy profiled, Curtis reports about Rutland police chief's new job, and four arrested, charged for heroin, crack sales.