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Posts Tagged ‘retail spending’

NRF: Apparel, Electronics Lead Feb.’s Slight Retail Sales Increase

by Christina Lee on March 15th, 2009
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Retail sales climbed upward for the second month in a row in February – a trend that, though expected to be short-lived, is still catching the attention of experts. The National Retail Federation reported Thursday a 0.6 percent seasonally adjusted increase overall, excluding that of automobiles, gas stations and restaurants. This observation follows a 1.4 percent increase in January, according to a revised report. “This is quite startling… a big change,” said Ian Shepherdson of High Frequency Economics to the Wall Street Journal. But while economists searched for a reason behind the behavior, they had a hard time finding one.... Read more »

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NRF: Valentine’s Day Spending to Come Down

by Christina Lee on January 30th, 2009
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Consumers are planning for another low-key Valentine’s Day this year, as they plan to spend an average of $20 less than they did in 2008. Total spending may also reach up to $14.7 billion this year, compared to $17.02 billion last year, according to the National Retail Federation.  Last year, consumers spent slightly less money on traditional gifts than in years past, opting instead for a night out. But now, with the current economy in mind, these couples simply just want to save, as president and CEO Tracy Mullin realized.  “A bad economy won’t stop Cupid this Valentine’s Day, but... Read more »

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