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2012 holiday sales

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Despite huge lines recorded on Black Friday, the United States saw that Americans were not so keen on opening their wallets during the 2012 holiday shopping season. Cautiousness of American customers resulted in the worst holiday shopping season since 2008 when the country entered a “deep recession.” Analysts note that U.S. holiday sales were affected by bad weather and rising uncertainty about economy including concerns over so-called fiscal cliff.

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