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Survey: US holiday spending to show a scant rise in 2012

from Chicago Tribune

Consumers plan to spend an average of $749.51 on gifts, decorations and other holiday items this season, a mere 1.2 percent more than a year ago, according to a survey conducted for the National Retail Federation. The rise would be the smallest since 2008-2009 when holiday sales fell 1.8 percent after the financial meltdown. more

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