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Byline: Lisa Haarlander
Dec. 4--The holiday shopping season got off to a brisk start last week, but there is concern that the momentum might fizzle before Christmas.
Retail chain store sales rose 4 percent last week, compared with the same week a year earlier, according to Bank of Tokyo-Mitsubishi and UBS Warburg. It was the greatest percentage increase for any week in November, and analysts pointed to colder weather, an earlier Hanukkah and steeper discounts as reasons.
"However, a strong start to the holiday season is no guarantee of a strong season," wrote retail analyst Michael P. Niemira in a report issued Tuesday. "In 2000, for example, sales …