February 07, 2013 at 13:24 PM EST
Macy's, Nordstrom, Lead Strong January Retail Sales
Retailers rang up strong January sales that handily beat views Thursday as consumers stepped up the pace post-holiday and hit the malls for winter clearance deals. Sales at stores open at least a year rose 4.5% vs. a year ago, says Ken Perkins, president of Retail Metrics. Analysts forecast a 2.8% rise. Fifty-five percent beat views, in line with the long-term average. It was the best monthly showing since September 2011, when retailers posted a
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