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Retail sales down 0.4% for January

Major takeaways from the retail sales figures for January.

  1. Auto sales declined by 2.3 percent
  2. Department stores declined by 1.5 percent
  3. Furniture declined by 0.4 percent
  4. Buildings/Garden Materials increased by 1.4 percent. The recent winter storms may explain the jump in this category. For example, the purchase of snow removal materials.