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Inflation chills holiday sales, consumers lean on savings and credit, retail group says

Por: Los Angeles Times Business November 03, 2022

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The nation’s largest retail trade group expects holiday sales growth to slow to a range of 6% to 8%, compared with the blistering 13.5% growth of a year ago. The National Retail Federation on Thursday characterized the projected holiday sales as healthy but noted that many consumers will need to turn to savings and credit cards to finance their gift giving. Inflation can pump up sales even if people are buying less, and with prices surging to... + full article



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