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The City Café

Stay up to date on important information for local government leaders.

The next few weeks are extremely important to retail sales, a key indicator possibly signaling a recovery from the recession.  The months of November and December are critical  to for retail merchants, many retailers account for around 50% of their annual profit during this two month period.  Last year retail sales declined by 3.4% during the months of November and December.  The forecast for this year is around a 1% decline (which is around 20 to 30 billion less in sales from 2006 and 2007).

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