Thursday, January 10, 2008

Weakest US retail sales holiday season in years (recession signs)

NEW YORK (CNNMoney.com) -- Retailers reported deep declines in their December sales Thursday, reflecting a 2007 holiday shopping season that is turning out to be the weakest in years.

"These numbers are bad because consumers are clearly seeing some pain here," Ken Perkins, president of sales tracker Retail Metrics, said.

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