Innovation Update

Retail Winners: Discounters Lead Sector

Stock quotes in this article: TGT , COST , FDO , TIF , RAD , EBAY , ODP  

(TJX data added and stock prices updated.)

NEW YORK (TheStreet) -- Retailers enjoyed yet another week of sales gains and another day in the green.

For the week ended Oct. 3, sales inched up 0.3%; year-over-year, they were up 1%, according to the International Council of Shopping Centers and Goldman Sachs.

"A bout of cooler weather helped spur customer traffic, especially at department stores and discounters, and helped the month to finish on a positive note," Michael P. Niemira, ICSC chief economist said in a statement.

ICSC predicts that September same-store sales, which are due out Thursday, will be down 2%.

Retail shares continued yesterday's gains, with the S&P Retail Index up 2% to 379.27 in afternoon trading.

Shop the Retail Plays?: China Watch Mail Bag

Some of the biggest movers are coming from the discount sector. Target(TGT Quote) has risen 2% to $48.04, after it announced it will open 26 new stores, creating 5,000 jobs.

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