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Tuesday, Oct 9
2012, 10:03 AM
Consumer spending this holiday season should improve with fewer consumers saying they will spend...
Consumer spending this holiday season should improve with fewer consumers saying they will spend less this year than last, according to a survey from NPD Group. The distraction of the national election to consumers and the media is teed up as an excuse for a late start to the buying season. Also, a slightly lower percentage of shoppers say they will run to discount stores such as Wal-Mart (WMT +0.1%), Target (TGT -0.1%), and Kmart (SHLD -0.1%) - while there is a slight uptick in those indicating they will hit off-price retailers such as TJMaxx (TJX), Marshalls, and Ross Stores (ROST -0.2%).