Retailers pin hopes, fears on holiday season

09/23/2008 | NYTimes.com

Retailers already struggling in a tough economic climate are bracing for a slow holiday season. Analysts suggest some companies that don't perform well might be forced into bankruptcy in the face of NRF's predicted meager 2.2% holiday sales growth. Many retailers are preparing by controlling costs -- J.C. Penney's CEO says the company is in a good position heading into the holidays and a Macy's spokesman was also optimistic.

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