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Hard time for US retailers
Source: Agencies |
September 22, 2011, Thursday
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Print Edition
Print Edition
IT looks like retailers in the United States will have to work extra hard to keep this holiday season from turning into a blue Christmas.
A new forecast shows sales will likely not be as high as last year and that shoppers won't be hitting the stores as much.
Retail analyst ShopperTrak expects sales for the November and December period to rise 3 percent this year. That would be below last year's 4.1 percent sales rise.
It also expects shoppers will visit the stores less frequently.
Shoppers have been cautious about spending this year amid uncertain economic conditions, rising gas prices and high unemployment.
A new forecast shows sales will likely not be as high as last year and that shoppers won't be hitting the stores as much.
Retail analyst ShopperTrak expects sales for the November and December period to rise 3 percent this year. That would be below last year's 4.1 percent sales rise.
It also expects shoppers will visit the stores less frequently.
Shoppers have been cautious about spending this year amid uncertain economic conditions, rising gas prices and high unemployment.
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