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October 10, 2007
NRF Predicts 4% Climb In Holiday Sales
Holiday sales are expected to climb 4% from last year to $475 billion, according to the National Retail Federation. The group is expecting a somewhat challenging season due to continued economic instability. Many retailers are already discounting, the group said, without explicitly mentioning the holidays in an effort to promote early sales.
We predict that luxury sales will remain a bright spot, however, as luxury buyers remain largely unaffected by the softening economy.
Posted by Blacks on October 10, 2007 10:04 AM
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