Holiday Sales May Affect Retail Growth in 2008
Retail construction may slow in 2008 if the sales growth for this holiday season remains modest, according to Grubb & Ellis.
Retail construction may slow in 2008 if the sales growth for this holiday season remains modest, according to Grubb & Ellis.
Black Friday sales rose 8.3 percent from last year, the largest increase in three years. But as the season continues, sales are expected to taper. The National Retail Federation forecasts a sales growth of only 4 percent for this season, which would be the smallest gain in six years, according to Grubb & Ellis.
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