Correction: Not a bad Christmas for CPG, retail
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Manufacturing News, Source : The Manufacturer US
Published : 06 Oct 2006 20:20
We reported in our October issue (page 10, "Cold Christmas, Happy Hallowe'en") that it would be a slow Christmas for retailers and their suppliers. That was based on National Retail Federation (NRF) data.
But it appears we lept to a conclusion.
National Retail Federation (NRF) Vice President of Merchandising and Retail Opportuities Dan Butler spoke to us in preparation for an upcoming article, and explained:
"We actually see consumer spending up for holidays, and we're very optimistic for a good season. We're projecting a little over five percent growth," that over last year's figures, which was lower growth than 2005 at about eight percent, but eight is far higher than usual. Butler described five percent as "solid."
We stand happily corrected.
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