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To: Amy J who wrote (172312)	12/27/2002 11:10:35 AM
From: Gottfried	Read Replies (1) \| Respond to of 186894

Amy, re >RE: "worst holiday season in 30 years."< GROWTH was low, about 1.5%. But there was positive growth. Most of the media, even WSJ, got it wrong. NYTimes is an exception... nytimes.com Growth in Sales for Holiday Period Weakest in Years By CONSTANCE L. HAYS After examining sales figures from the last frenzied hours before Christmas, experts yesterday declared this year's holiday season the worst in many years. Michael P. Niemira, a retail analyst in New York for Bank of Tokyo-Mitsubishi, said the growth in United States retail sales for the months of November and December, at 1.5 percent, was the lowest it had been since at least 1970, when the bank began keeping track. A spokesman for the National Retail Federation, one of the industry's more upbeat forecasters, said its original estimate of 4 percent growth for December would probably shrink to 3.5 percent.