Dec
28
2009
Sales up a bit these holidays over last year
Posted by doris in America, Business, Financial, Money, Profit, UnemploymentNEW YORK – Holiday shoppers spent a little more this season, according to data released Monday, giving merchants some reason for cheer.The spending bounce means retailers managed to avoid a repeat of last year’s disaster even amid tight credit and double-digit unemployment. Profits should be healthier, too, because stores had a year to plan their inventories to match consumer demand and never needed to resort to fire-sale clearances.
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