Initial Figures Indicate Retail Sales Not Jolly News
LINDA WERTHEIMER, host:
NPR's business news starts with plunging retail sales.
(Soundbite of music)
WERTHEIMER: Despite last-minute discounts, shoppers trimmed their wish lists this holiday season. Retail sales fell by as much as four percent overall. That's according to new data released yesterday by MasterCard. Luxury goods plummeted 35 percent. As more data rolls in, experts say this may turn out to be the weakest holiday shopping season in four decades.
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