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Retailers report surprisingly solid January sales

from The Associated Press via ABC News

Major retailers are reporting surprisingly solid January revenue gains despite snowstorms that many feared would chill spending. The reports offer encouraging signs that strength in consumer spending is being sustained after a robust holiday season. As merchants reported their figures, many retailers, including Costco Wholesale Corp, Victoria's Secret parent Limited Brands and teen retailer Wet Seal Inc., posted gains that beat Wall Street expectations. more

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