The NRF predicts a 2.2% increase in November and December retail sales (excluding auto, fuel and restaurant spending) over the same last year. That’s half the 10-year average annual increase of 4.4% and the smallest rise since 2002. The Wall Street Journal Sept. 25, 2008 Paid subscription may be required.
National Retail Federation Predicts Disappointing Holiday Season
Research, Trends, Forecasts
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Sep 252008

