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March 02, 2006
Major Retailers Report Slow Feb. Sales
Retail sales dipped in February, after showing strong gains the previous month, according to major merchants.
Consumer spending was affected by a blizzard in the northeast and a lack of compelling spring apparel.
Middle-market retailers like AnnTaylor Stores, Limited Brands and Bebe reported moderate gains in February comp sales, as did major department stores. Nordstrom reported a 4.9% increase in same store sales for the month, while Neiman Marcus Group cited a 3% gain.
February is historically a weak month for retail sales, but analysts expect only modest gains in March since Easter is falling later this year.
Posted by Blacks on March 2, 2006 07:45 AM
