Holiday retail sales forecasted to rise 4.5 percent
Consulting firm Deloitte is predicting 2013 holiday retail sales will increase year-over-year by 4.5 percent, an improvement over 2012, as retailers are likely to continue strong discounts to lure customers into stores. Despite economic headwinds, total holiday sales from November into January are likely to reach at least $963 billion, according to Deloitte's forecast.
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