Retail sales growth will speed up, albeit slightly in 2014, rising 4.1 percent compared with an estimated 3.7 percent gain in 2013, the National Retail Federation said.
The Washington, D.C., based trade group which represents retailers such as Wal-Mart and Target, cited a number of factors including modest recovery in the economy and labor market. The NRF forecast excludes automobiles, gas stations and restaurants, Daily Clips reported.
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