Summary Box: Retailers' solid February

AP News
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Posted: Mar 03, 2011 4:22 PM
Summary Box: Retailers' solid February

FEBRUARY SURPRISE: Retailers reported a 4.2 percent increase in revenue at stores open at least a year, says the International Council of Shopping Centers.

THE TREND: The brisk spending pace shows shoppers are maintaining the momentum of the strong holiday season.

WHAT'S AHEAD: Rising household costs in gas, food and clothing could reverse the trend, which would be a drag on the economic recovery. Consumer spending, including major items like health care, accounts for 70 percent of the economy.