- U.S. retail store sales are expected to slow to +2.4% during November and December from +3% last year and +4% in 2011, research firm ShopperTrak has estimated.
- Store visits are forecast to drop 1.4% after rising 2.5% in 2012.
- "Although the economy continues to recover slowly, consumers remain cautious about spending and are not ready to splurge," ShopperTrak founder Bill Martin said.
- It's worth noting that online sales - accounting for 7% of the total - aren't included in the projections, while ShopperTrak forecasts tend to undershoot.
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Holiday sales seen slowing
Sep 17 2013, 04:44 ET