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Holiday sales plummet four percent
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by Amy Judd | December 27, 2008 at 08:16 pm
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Sales were down in the shops by about four percent during the holiday season, as the financial crisis and the bad weather kept shoppers inside with their money in their pockets.
The figures, from the retail data service of MasterCard Advisors, show the 2008 holiday shopping season was the weakest in decades, as U.S. consumers cut spending as they confront a yearlong recession, mounting job losses and tighter credit.
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Most RecentMost Recommended Comments (3)
at 04:21 on December 28th, 2008
Understable, circumstances don't allow us to break the pockets...
at 04:23 on December 28th, 2008
Four Percent is a lot yet not dramatic either.
at 19:43 on December 29th, 2008
Is this for the US?
Are there stats for Canada?