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Friday, January 3, 2014
Holiday Retail Sales Rise 3.5%, Driven by Deep Discounts
NEW YORK (TheStreet) -- MasterCard Advisors' SpendingPulse reported this week that deep discounts and long hours at retailers such as The Gap , Macy's , and Kohl's resulted in an increase in retail spending of 3.5% for the holiday season.But the sector's reliance on deep discounts could hurt bottom lines when retailers report earnings.According to a company press release, Amazon.com rang up its ...
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