Retail industry sales (excluding automobiles, gas stations, and restaurants) will rise by 3.4% this year, forecasts the NRF. That’s down from the preliminary estimate of 4.2% growth last year, and is also a step below 5.8% growth in 2011. Online retail sales, which grew by 14% during the holiday season, according to comScore, should grow by between 9 and 12% this year, per the NRF forecast. (more…)
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Retail Sales Expected to Climb a Modest 3.4% This Year
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