Retail spending in the United States rose a better-than-expected 1.1% in February, the highest increase since September, according to figures released by the U.S. Department of Commerce.
The National Retail Federation said that, for the first time in three months, retail sales ticked down slightly as consumers cooled discretionary spending in the face of inclement weather and uncertainty in Washington.
By Shelley E. Kohan, RetailNext
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