Retail trade group: Holiday sales to slow from last year’s blistering pace

THE NATIONAL RETAIL Federation, the nation’s largest retail trade group, expects that holiday sales growth this year will slow to a range of 6% to 8%, compared to 13.5% a year ago. The trade group said Thursday that it predicts that sales for the November and December period will grow to between $942.6 billion to $960.4 billion. / RINGO H.W. CHIU / ASSOCIATED PRESS FILE PHOTO
NEW YORK (AP) – The National Retail Federation, the nation's largest retail trade group, expects holiday sales growth will slow to a range of 6% to 8%, compared with the blistering 13.5% growth of a year ago. But inflation can pump up sales even if people are buying less, and with prices surging to uncomfortable…

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