Jan. Sales Rise on Gift Cards, Clearance
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Post-holiday clearance sales and  gift-card redemptions boosted January sales at major U.S.  retailers, but the harsh winter weather that hit the Northeast  and Midwest late in the month capped consumers' spending.
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Consumers lured by clearance sales of winter merchandise gave many of the nation's merchants solid sales in January despite heavy snowstorms in the Midwest and Northeast.
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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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Wal-Mart Stores Inc  said on Saturday that preliminary data show sales at U.S. stores open at least a year rose approximately 2.5 percent in January.
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The holiday shopping season ended better than it started and most retailers are on track to meet humble sales goals, though many still hope for an extra boost the week after Christmas as consumers cash in gift cards.
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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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US retail sales rose 0.3% in January, official figures show, bolstered by sales of new cars and petrol.
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Sales at retailers unexpectedly rose 0.3 percent in January, partly reflecting stronger sales of new cars and gasoline, according to a Commerce Department report on Wednesday.
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Costco Wholesale Corp.  on Thursday  reported a 2 percent rise in January sales at its stores open  at least a year, saying sales were hurt as the five-week period  included one day less due to the New Year holiday.
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U.S. chain store sales rose in the first week of January, as larger than average purchases were the reason for this weeks growth, a report said on Tuesday.
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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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Federated Department Stores Inc.  on Thursday reported a better-than-expected rise in January sales at stores open at least one fiscal year and raised its quarterly earnings forecast, sending its shares up nearly 4 percent.
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Wal-Mart Stores Inc.  said on Saturday  it still expected a 2 percent to 4 percent increase in January  sales at its U.S. stores open at least a year, in line with its  previous forecast.
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Wal-Mart Stores Inc.   said on Saturday said it still expects a 2 percent to 4 percent increase in January sales at its U.S. stores open at least a year, in line with its previous forecast.
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Frigid winter winds blew life into U.S. retailers' January sales as consumers snapped up cold weather clothes that were left on the shelves from the holiday season.
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U.S. chain store sales rose in the  first week of January, as larger than average purchases were  the reason for this weeks growth, a report said on Tuesday.
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Consumers borrowing increased in January, reflecting an increase in auto loans.