By  on December 6, 2016
Retailers are hoping colder weather and the approach of the holiday will help boost sales.

Retail sales showed a steep drop last week revealing that retailers' efforts to draw shoppers into stores prior to Thanksgiving is not making them extend their shopping and spending over a longer period — it's just getting them to shop sooner.

The Retail Economist-Goldman Sachs Weekly Chain Store Sales Index plunged 6.1 percent for the week ended Dec. 3 "as consumers took a breather from the Black Friday shopping," said Michael Niemira, chief economist of The Retail Economist LLC, in his weekly report.

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