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Retail sales climbed more than expected in January, showing that consumer demand remains resilient, despite rising inflation. U.S. retail sales increased 3% in January, higher than the 2% expected by economists in a Bloomberg study. The sales results and a strong January job report suggest the economy remains durable, with little risk of an imminent recession.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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