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RetailNext: Holiday sales expected to climb only 2.8 percent

from Chain Store Age

A sluggish economic recovery will prevent sales from rising more than 2.8 percent this holiday season, according to analytics firm RetailNext. Recently, the National Retail Federation estimated a 3.7 percent increase in holiday sales, slightly less than last year. Deloitte also called for a 3.5 to 4 percent increase. The International Council of Shopping Centers predicted a 3.3 percent increase. more

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