More Consumers Plan to Cut Holiday Spending This Year
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“That 4 percent increase is certainly a sign of the times. On the other hand, that 4 percent is not as dramatic as it could have been.” said Marshal Cohen, chief industry analyst, The NPD Group, Inc. “I think consumers will be looking for the right gift, rather than the most extravagant or expensive one. That combined with the soft numbers we are up against from holiday last year, and I think we will see growth, albeit a modest 0.5 to 1.5 percent.”
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- People:
- Beth Boyle
- Cohen
- Places:
- N.Y.
- PORT WASHINGTON
- U.S.
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