The coldest February since 1979 caused U.S. retailers' sales to grow at the slowest pace in three months as consumers delayed buying spring merchandise, The Washington Post reported Friday.

Wal-Mart, the world's largest retailer, said sales at stores open at least 12 months rose 0.9 percent, less than the company's forecast of 1 to 2 percent.

Luxury stores and retailers with designer clothing, including Target, the second-largest U.S. discount chain, fared better, with sales surpassing analyst estimates.

Total U.S. same-store sales rose 2.5 percent, the smallest gain since November, the International Council of Shopping Centers said based on results from 53 retailers.

Same-store sales, which are sales at stores opened at least a year, are considered the best indicator of a retailer's health.

Most retailers missed estimates after cold weather cut demand fro shorts, dresses and other spring merchandise, while a snowy Valentine's Day in the Northeast kept shoppers home.

The council of shopping centers had expected February sales to rise 2.5 percent to 3 percent. The council's chief economist, Michael Niemira, said sales would gain 3 percent this year, the slowest pace in at least three years.

March sales should increase 4 percent, boosted by Easter buying, the council said.

Source: Xinhua