INSIGHTS U.S. Retail Sales Declined in January By Staff Tuesday, February 20, 2024 2:58 PM “This weakness typically reverses quickly as weather returns to normal and people catch up on spending plans delayed by the cold and snow.”Bill Adams, chief economist at Comerica Bank, commented on a Commerce Department report that showed retail sales fell 0.8 percent in January, breaking a two-month streak of increases. Read the CNN article, “U.S. Retail Sales Declined in January by Much More Than Expected.”