Sales at U.S. retailers climbed 2.7 percent last week from a year earlier as state sales-tax holidays and favorable weather drove back-to-school and summer-clearance shopping.
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Sales at stores open at least a year rose 0.2 percent in the seven days through Aug. 18 from the previous week, the first weekly gain since July 28, the International Council of Shopping Centers and UBS Securities LLC said today. Sales will probably advance 2 percent to 2.5 percent in August, the group said.