Holiday sales expected to be tepid in United States
China Daily | Updated: 2011-09-23 07:48
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An outdoor mall in New York. The research company ShopperTrak said people will head out with a set list of what to buy and spend less time browsing. Emile Wamsteker / Bloomberg |
NEW YORK - US retailers may see more moderate sales gains this holiday season as persistently high unemployment and steeper gasoline and grocery prices prompt shoppers to think twice about spending, according to a forecast by the research company ShopperTrak on Wednesday.
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