NRF forecasts Holiday sales gain of 4%
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The National Retail Federation released its forecast for the upcoming 2007 holiday season, predicting that sales will rise 4% this year to 474.5 billion. The 2007 holiday sales increase is expected to fall below the ten-year average of 4.8%. It would represent the slowest holiday sales growth since 2002, when sales rose 1.3%.
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