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US retail group expects pickup in holiday sales

from Reuters

U.S. consumers, bolstered by growth in jobs and disposable income, are likely to loosen their wallets and push holiday sales up 3.6 percent, the leading retail industry group said. The National Retail Federation forecast sales of $655.8 billion for November and December, excluding autos, gasoline and dining out. This implies significantly higher growth than the 10-year average increase of 2.5 percent and 3 percent in 2015. more

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