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Consumers find less money for holiday shopping

from Progressive Grocer

The overwhelming majority of shoppers will maintain a tight grip on their wallets as they hit the stores this holiday season, with 83 percent expecting to spend the same or less on holiday gifts compared to 2009, the latest Accenture consumer holiday shopping survey shows. "The 2010 holiday shopping season will be spectacularly unspectacular for many consumers, but that will suit retailers who remember well the turbulence of Holiday 2008," said Janet Hoffman, managing director of Accenture's retail practice. more

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