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January 16, 2006
Retail Sales To Slow
The National Retail Federation expects retail sales to grow by 4.7% this year, a drop from the 6.1% gain reported last year.
Consumers will be affected by slower home sales and labor concerns, causing them to spend more conservatively.
First-quarter sales are expected to grow by 5%, a dip from the 6.5% growth rate recorded in the fourth quarter of 2005.
Posted by Blacks on January 16, 2006 03:28 PM
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