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U.S. holiday sales

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The 2013 U.S. holiday sales are termed as the most competitive since the recession in 2008. Winter holiday sales have increased from a year earlier as retailers used higher discounts and increased promotions which encouraged consumers to shop more.

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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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