U.S. retail sales dropped by the most in nearly two years in January, likely because of frigid temperatures and moderation following hefty gains in the past four months, suggesting a sharp slowdown in economic growth early in the first quarter.

Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday.

Retail expert Rich Hollander sits down with FOX 10's Ellen McNamara and explains why retail spending is down .9% in January and if it is a sign of an incoming recession.