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No Christmas Miracle for Retailers

Even luxury sector sales in free fall

By Peter Fearon,  Newser Staff

Posted Dec 26, 2008 1:57 AM CST

(Newser) – It was a bleak Christmas and promises to be a less than prosperous New Year for retailers with consumers tightening their belts and spending less, reports the Wall Street Journal. Retail sales dropped 5.5% in November and 8% in December, compared with the same...   Read full story »

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