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Many retailers posted solid sales during the kickoff to the back-to-school season as discounts and high temperatures in July drove shoppers to air-conditioned malls. But merchants worry that momentum won't continue through the remainder of the second-biggest shopping period of the year as the weather gets cold and the deals dry up.
Shoppers are showing signs of pulling back on spending on discretionary items such as clothing and home goods as gasoline and groceries eat up more of their paychecks.
Shoppers are showing signs of pulling back on spending on discretionary items like clothing and home goods as gasoline and groceries eat up more of their paychecks.
Retailers reported surging April sales that were helped by a late Easter, extending strong spending momentum since late last year.
Retailers reported surprisingly solid January revenue gains Thursday that swept away fears that snowstorms in much of the country had chilled sales.
Retailers are reporting surprisingly weak December revenue after a strong November pulled forward holiday spending and a blizzard in the Northeast took a bite out of sales after Christmas.
Wal-Mart Stores Inc. reported a 9.3 percent increase in third-quarter net income as the world's largest retailer benefited from cost controls and a robust international business. The company also raised its full-year profit outlook.