Second year of falling holiday sales expected in U.S.

10/6/2009 | Reuters

A second consecutive year of declining holiday sales awaits U.S. retailers, the National Retail Federation said. The industry group expects sales to fall 1% in November and December, dropping to $437.6 billion. If the forecast is correct, retailers will see the first back-to-back decline in holiday sales since the group started collecting the data in 1992.

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