The U.S. retail sales unexpectedly declined in January, signaling softer consumer spending at the start of the year. The Commerce Department reported that retail sales fell 0.2 percent from December, marking the steepest monthly drop since May, according to CNN. Economists surveyed by FactSet had expected sales to remain flat. Analysts said weak consumer confidence and severe winter weather across parts of the United States contributed to the slowdown. Several retail categories recorded sharp declines. Department store sales dropped 6 percent, while personal care retailers and gasoline stations also posted noticeable ... (full story)