Does holiday season spending generate profits?
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After a 6-percent growth in November, in the US Wall Street analysts expect a 3.4-percent average growth from leading retail chains for December. What investors would like to know is which are those retail chains where sales increase will generate growing profits in the long run. Now that the holiday season is over people might start spending less once again, jeopardising the recovery of the US economy, which in 70 percent relies on consumer spending.
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