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Article: Deloitte Index Anticipates Improvement In Discount Retail Sales Growth, While Luxury Retail Sales Growth Slows; Recent Real Wage Gains Expected to Increase Sales for Discount Retailers, According to Deloitte Research's Leading Index of Consumer Spending.
- Article from:
- PR Newswire
- Article date:
- March 4, 2005
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NEW YORK, March 4 /PRNewswire/ -- Luxury retailers may see a slowdown in sales growth if the declining pace of growth in home prices and a rising tax burden continue to limit cash flow for higher income consumers, according to Deloitte Research's Leading Index of Consumer Spending. Meanwhile, recent improvements in real wages are expected to increase spending among lower to middle income consumers, benefiting discount retailers.
(Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050304/NYF011)
"Upper income consumers benefited from strong housing prices and dividend return growth in 2004, translating into solid sales for luxury retailers during ...