Mall Stores See Strong Rise in Holiday Sales
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Early openings, deep discounts and resurgent department stores appeared to give merchants at the mall an edge over discount retailers.
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Retail sales have risen sharply in the run-up to the key Christmas season, adding to data which suggests the economy is gathering pace and interest rates may rise next year.
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U.S. chain store sales rose for the fifth consecutive week, due to shopper appetite for post-holiday clearance sales and redemption of gift-cards, a report said on Tuesday.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, said December sales at US stores open at least a year are rising within its forecast as shoppers stepped up holiday spending.
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With the 2007 run-up to Christmas boosted by a last-minute sales surge, retailers are putting an extra emphasis on after-Christmas discounts, hoping bargain shoppers and gift-card splurgers can enrich stores' holidays.
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Those shopping at post-Christmas sales between 26 and 28 December has risen 2.1% on last year, says a retail analyst.
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The news was good for many retailers over the holiday weekend as enthusiastic consumers took to stores in droves on Black Friday and bought at a higher rate than last year.
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Post-holiday discounts and shoppers  redeeming gift cards helped boost retail sales 14 percent for  the last full week of December, according to data released on  Wednesday.
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British retail sales rose much more than expected in November, driven by strength across nearly all categories running into the key Christmas holiday shopping season.
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The outlook for the holiday season grew more positive Tuesday after major retailers, including Wal-Mart Stores Inc. and J.C. Penney Co. Inc., offered bullish comments about consumer spending as they reported solid earnings increases for the third quarter.
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The holidays may be over, but the shopping hasn't stopped.
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The 2006 holiday shopping period got off to a strong start over the weekend, according to several e-commerce operators.
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Retail sales during the important Thanksgiving weekend showed some strength, with sales measures released Monday reflecting year-over-year growth.
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Children&#039;s Place Retail Stores Inc.   said on Thursday its sales at stores open at least a  year rose 18 percent in May, helped by higher customer traffic  at both Children&#039;s Place and Disney stores.
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Shoppers swarmed the nation's malls and stores on Friday, even before the sun rose, to grab early bird deals on hot items like flat-screen TVs and DVD players as the holiday shopping season officially began.
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Chain store sales rose last week  boosted by sales of fall apparel and back-to-school items, a  report showed on Tuesday.
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US retailers holiday gift-card sales may have risen to more than $20 billion, topping forecasts and boosting after-Christmas shopping at stores after a lackluster holiday season.