NEW YORK–Shoppers gave retailers a post-holiday boost in the last week of December.
Weekly chain-store sales rose 1.4 percent for the week ended Jan. 3, according to the International Council of Shopping Centers and Goldman Sachs’ weekly sales index.
“Bargain shoppers were out in force between Christmas and New Year taking advantage of retailers needing to clear out seasonal merchandise,” Michael Niemira, ICSC’s chief economist, said in a statement.