Sales at Retailers Up Again as Shoppers Seek Post-Holiday Bargains

Sales at U.S. retailers rose 3.6 percent last week from a year earlier, as some shoppers returned to stores to take advantage of post-Christmas discounts, dodging a snowstorm that assailed the East Coast, Bloomberg.com reports. Sales for the week ended Jan. 1 rose 0.4 percent from the previous week, according to a chain-store sales index released by New York-based International Council of Shopping Centers and Goldman Sachs Group Inc.  That compared with a 1 percent gain a week earlier.

The stores that did well this season “are those that inspire the consumer to buy something they don’t need,” Richard Jaffe, an analyst at Stifel Nicolaus & Co. in New York, told Bloomberg. December sales probably rose 3.5 percent or more, the ICSC said.

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