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Fitch sees holiday sales up 3% to 4%; gross margins flat; promotions intense
NEW YORK - Fitch expects U.S. sales growth to modestly improve in the coming holiday season, with retail sales (excluding auto) expected to grow at 3%-4% in November/December versus 2.8% year to date. Fitch expects online sales will grow in the 12%-14% range during the fourth quarter, in line with year to date levels.