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Posted on Tue, Dec 1, 2009 : 9:49 a.m.

U.S. retail sales rise for 12th straight week

By AnnArbor.com Staff

Black Friday discounts that lured shoppers to the malls helped power the 12th straight week of retail sales gains, according to a report this morning from Bloomberg.

According to the report, "sales at stores open at least a year climbed 3.1 percent in the week ended Nov. 28 from a year earlier, the International Council of Shopping Centers and Goldman Sachs Group Inc. said."

That follows a National Retail Federation report on Sunday that said the number of shoppers rose though average spending fell.

Read the rest of the Bloomberg report here.