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Retail Sales Heat Up as Summer Sends Shoppers to the Stores

Traditional grocery stores losing business to the dollar stores, discounters and wholesales clubs.

The warm weather finally got consumers to shake off those winter blues and pull out the wallet. The ICSC-Goldman sachs chain store sales index was released this morning and sales jumped a solid 2% and year over year the sales increased 4.1%. Most retailers posted hefty gains across the board as Department stores, discounters, dollar stores and wholesale clubs all delivered year-over-year gains in business, apparel and furniture stores came in with strong gains. The weak spot was traditional grocery stores. Redbook chain stores sales also reported a year-over-year increase of 3.3%.