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Retail CMOs Predict 4.2% Increase in Total Holiday Store Sales

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Chicago—A skittish market and diminished back-to-school sales have U.S. retailers feeling cautiously optimistic for the upcoming holiday season. According to the BDO USA survey, chief marketing officers (CMOs) at leading U.S. retailers forecast a 4.2% increase in overall holiday store sales, consistent with growth expectations in 2014. This year’s projection …

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Week in Review: Top Articles Online

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New York–As retailers struggled through some not-so-pleasing first quarter earnings reports this week, several reasons for shortfalls emerged: the “macro-economic environment,” cooler-than-normal spring, effects of the payroll tax increase and shrinking margins. But there were bright spots, too: Saks Inc., TJX Companies, Burberry all provides some surprises for retail analysts. …