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Shoppers’ Shifting Priorities
Last year, consumers pulled back on spending and the retail sector suffered. But not all retailers are faring worse than they did a few years ago. Against a baseline of spending levels in 2003, sales in computer stores have continued to rise. Restaurant and liquor-store sales are at much higher levels, and purchases at warehouse stores are up nearly 50 percent. Still, in major retail divisions like home furnishings and clothing, sales faltered in 2007 and are now below their levels of 2003.
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