Monday, September 24, 2007
I read today that holiday sales for 2007 are expected to grow at the slowest pace in five years as shoppers worry about jobs, tight credit, and sagging home prices, according to the National Retail Federation. That could mean lower prices and big pre-Thanksgiving sales blitzes as merchants compete for a piece of the holiday budget. The Washington based group predicted that holiday sales will be up 4% the slowest growth since a 1.3% rise in 2002.
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