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Analysts Concerned Over Holiday Weakness

Traffic was soft over the long weekend.

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By: TOM BRANNA

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Consumers looked for deals the day after Thanksgiving. According to an Associated Press report, some analysts said shoppers largely took advantage of promotions early on Black Friday but warned that spending still remains weak. KeyBanc Capital Markets analyst Bradley B. Thomas said sales were mostly driven by promotional activity, but traffic Friday afternoon and through the weekend was softer than usual. “Based on our post-Thanksgiving holiday weekend shopping observations, we continue ...

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