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September 19, 2006
Holiday Sales To Grow 5%, NRF Says
Holiday sales are expected to grow 5% over last year to $457.4 billion, according to the National Retail Federation.
Although consumers have been discouraged by the housing slump and high gas prices, they are still expected to spend a little extra this season, the trade group said.
Holiday sales are normally measured from November to December, although retailers often register January sales when consumers use gift cards.
Holiday sales increased 6.1% last year to $435.6 billion.
Posted by Blacks on September 19, 2006 09:26 AM
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