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Monday, November 07, 2005

Michigan Retail Outlook Gloomy, Discounts Being Offered

The Detroit News reports that holiday sales can account for as much as 50% of a retailer's income, but Midwest consumers are expecting to spend nearly half of the national average of $995 and the Michigan Retailers Association forecasts flat or declining sales from October through December. Many Michigan retailers are are offering agressive discounts to try and kick-start holiday shopping.

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# posted by farlane @ 9:18 AM
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