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Retail sales up 4.3% in May

Retail sales up 4.3% in May

Good weather and sales promotion in stores drove consumers into malls in May as the summer shopping season began. 

Major chain stores posted a 4.3% sales increase in May compared with the same month a year earlier in figures released Thursday, beating analysts' expectations of a 3.9% rise, according to Thomson Reuters' tally of nine big retailers. Stripping out the effect of drug stores, last month's retail sales were up 4.4%.

Shoppers who stayed home during long bouts of cold weather this past winter have returned to stores to spruce up their wardrobes, analysts said. Thomson...