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Retail sales growth may slow to 3.5 percent in 2008

Sales at U.S. retailers may increase at the slowest pace in six years in 2008, an industry retail group predicted, as cash-strapped consumers reduce spending on jewelry and electronics. Sales might increase 3.5 percent this year, slowing the first six months, and then accelerating later on as the economy improves, the Washington-based National Retail Federation said ...

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