U.S. chain stores reported their slowest January since 1970, with same-store sales increasing just 0.5 percent compared with the same period last year, according to the latest study by the International Council of Shopping Centers (ICSC). Department stores and luxury chains posted the biggest declines in sales growth, at 5.7 percent and 2.2 percent, respectively. Wholesale clubs such as Costco posted the only significant sales increase, at 6.3 percent.

Read Full Story