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Holiday sales


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Holiday sales

  1. 1. Consumer Confidence Declining 72 Source: University of Michigan
  2. 2. Americans Plan to Spend Less Note: Survey of consumers planning to spend more or less this year versus 2011 Source: ICSC, Goldman Sachs Research
  3. 3. Holiday Gift Spending Per Person Holiday Sales Expected To Fall Source: National Retail Federation, Morgan Stanley Research -2.5%