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Mon November 18, 2013
Rhode Island Prepares For The Holiday Shopping Rush
The all-important holiday shopping season is upon us. November and December sales are make or break months for retailers, representing as much as 20 percent of total annual sales.
The National Retail Federation is forecasting a nearly four percent increase in holiday sales this year. But local retail officials are taking a more cautious approach. Paul DeRoche heads the Rhode Island Retail Federation.
"We’re looking at maybe two percent over last year. And the weather will have a lot to do with it. And the important issue here is that Black Friday stores will be offering all kinds of consumer incentives and discounts," said DeRoche.
In some states, stores will be open on Thanksgiving. But not in Rhode Island and Massachusetts, where blue laws prohibit opening on holidays.
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