The National Retail Federation is a U.S. trade association representing retailers and related businesses, and it regularly publishes industry data and holiday sales forecasts.
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U.S. retail sales were flat in October, while the National Retail Federation said holiday spending could still grow as major retailers like Walmart and Target see mixed but steady demand.
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The National Retail Federation says U.S. holiday spending should top $1 trillion this year, but growth is slowing as shoppers face higher prices and economic uncertainty.
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