Article: Price Cuts, Hot Weather Help Ignite Retail Sales.

By Frank Green, The San Diego Union-Tribune Knight Ridder/Tribune Business News

Aug. 8--The store checkout lines are getting longer just in time for the crucial back-to-school season.

Extra money from refinanced mortgages, deep discounting and warm weather pushed up retail sales for the week ended Aug. 2 by 13.6 percent over the previous week, according to ShopperTrak's National Retail Sales Estimate.

Moreover, same-store sales for July jumped 4.3 percent, the strongest performance since June 2002 and outpacing the Bank of Tokyo-Mitsubishi's earlier estimate of a 3 percent hike for the month.

Analysts said the positive numbers ...

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