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NRF: Economic Uncertainty Taints Holiday ’12 Retail Sales

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New York–While they may not have hit the heights that the National Retail Federation (NRF) originally wanted, 2012 holiday sales wound up solid despite economic uncertainty and the concerns around the so-called fiscal cliff. The NRF, the world’s largest retail association, reported Tuesday that total holiday spending (November/December) increased 3.0% …

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Good Tidings: December Comp Sales Better Than Expected

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New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …

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NRF Applauds “Fiscal Cliff” Legislation

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Washington—As Americans breathe a collective sigh of relief as the legislation passed Tuesday to avert the so-called “fiscal cliff” heads to President Obama’s desk for his signature, retailers especially should be relieved. According to Jack Kleinhenz, chief economist at the National Retail Federation (NRF), the nation’s largest retail trade association, …