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Friday, Oct 7, 2022
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After Slow Start, Retailers Hope to Meet Sales Goals

Defying earlier projections of a less-than-cheery holiday sales period, retailers are beginning to report solid results, helped in large measure by a last-minute surge in buying and by a pick-up in sales of holiday gift cards.

Sales of gift cards are expected to result in more than 10 percent of holiday business, although retailers will not be able to count those dollars until the cards are redeemed.

*For more on this story,

read the full Reuters story.

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