Retailers report strong January sales
NEW YORK (AP) — Sometimes, the devil is in the deals.
Americans shopped the winter clearance racks in January, resulting in strong sales during the month for retailers. But spending is expected to slow as the deals dry up, and as Americans begin to digest rising gas prices and a 2 percent payroll tax hike that started in January.
Noelle Perillo, 34, was certainly lured in by deals last month — she spent $100 on discounted holiday ornaments, home items and clothes for her toddler son — but she also says she may cut back going forward.
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