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NRF forecasts 4.1% rise in retail sales for 2014; online to grow 9% to 12%
Washington, D.C. -- Retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast, released Thursday, calls for online sales to grow between 9% and 12%.
A number of factors contributed to NRF’s 2014 economic forecast, including: