NRF: U.S. Retail Sales to Rise 4 Percent in 2011
February 22, 2011,
WASHINGTON-U.S. retail sales are expected to increase by four percent in 2011, according to a forecast from the National Retail Federation.
NRF based its prediction on several positive developments, including seven consecutive months of retail-sales growth and better-than-expected results from the 2010 holiday shopping season. The association added that other factors--including small businesses holding back on hiring and expansion, and higher energy costs--would likely keep sales growth from rising at a higher rate.
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