October 03, 2013 at 13:05 PM EDT
Higher Holiday Retail Sales May Hinge On Budget
Consumers will spend more on gifts this holiday season, giving retailers a nice lift in November-December sales, the National Retail Federation projected Thursday. But the U.S. budget impasse could curb shoppers' holiday cheer. The NRF expects the industry's November-December sales to rise 3.9% to $602.1 billion, compared with a 3.5% gain in 2012. The forecast is higher than the 10-year average holiday sales growth of 3.3%, however. "Our forecast
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