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October 07, 2008
NRF Predicts 2.2% Growth In Holiday Sales
The National Retail Federation (NRF) predicts a slight rise in holiday sales this season, as merchants face a tough economic climate.
Sales are forecast to increase by 2.2% to $470.4 billion, the NRF said. If correct, this would be the slowest holiday growth since 2002, when sales notched up a mere 1.3%.
The group said that it expects consumers to be “frugal” this season, only spending on essential items.
Posted by Blacks on October 7, 2008 10:25 AM
