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US Holiday Sales to Slow as Inflation Tests Consumer Resilience

Investors Spurn European Retailers Ahead of Christmas

US holiday sales are expected to rise at a slower pace this year, a trade group said on Thursday, at a time when decades-high inflation has left Americans struggling to pay bills, draining some of the Christmas cheer from households.

The National Retail Federation (NRF) forecast holiday sales, including e-commerce, to rise between 6 percent and 8 percent to between $942.6 billion and $960.4 billion during November and December.

That compares to…


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