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Shoppers Continued Pinching Pennies in January

January was a tough end to a tough holiday season for U.S. retailers.Shoppers last month continued to pinch their pennies, seeking out bargains and paying fewer visits to stores. They also were unnerved by slumping stock markets and impeded from shopping by an unusually cold and snowy January that, because of high heating bills, could hurt retail sales well into the spring, analysts said."Consumers are being hit by a perfect storm of events," said Craig Johnson, president of advisory firm Customer Growth Partners. "It's a bloodbath."Kohl's Corp on Thursday said sales in January were "significantly" lower than expected as shoppers stayed away. The department store chain reported a 2 percent decline in quarterly comparable sales, those online and at stores open at least a year, despite a good start to the holiday season.Analysts expect a group of nine retailers that report these results on a monthly basis to show a 2 percent rise in comparable sales for January, well below the 4.9 percen...

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