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NRF: Holiday Retail Sales Increase

January 16, 2013
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According to the National Retail Federation (NRF), December retail sales (excluding automobiles, gas stations and restaurants) increased 0.8 percent seasonally adjusted from November, and 2.1 percent unadjusted year-over-year. Total holiday retail sales increased 3 percent, below NRF's projected forecast of 4.1 percent, to $579.8 billion. Additionally, nonstore holiday sales grew 11.1 percent. In October, Shop.org forecasted a 12 percent growth in online sales in November and December.


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