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Retailers weathered the storms in January, both literally and figuratively, besting ICSC's initial forecast, said Michael P. Niemira, chief economist and director of research for ICSC. This gain is encouraging especially given the drag on sales created by the winter storms in the Northeast and Southeast, and suggests relatively healthy underlying consumer demand, iemira added. For February, ICSC projects sales will increase by 2.5-3.0%."
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