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No surprise, but retail is slowing
With all the recession talk, it should come as no surprise that consumers are spending less these days. That's what a new report out today from SpendingPulse, a unit of MasterCard says. Retail sales in April barely rose compared to March. A 0.1 percent increase. And if you take out gasoline and cars, retail sales actually fell 0.7 percent.
Posted by Lori Stassi on May 12, 2008 8:46 AM PT | Permalink
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