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To: Sarmad Y. Hermiz who wrote (3460)	12/27/2002 11:24:08 AM
From: Gottfried	Respond to of 13403

OT *** Sarmad, NYT got it right nytimes.com "Growth in Sales for Holiday Period Weakest in Years By CONSTANCE L. HAYS fter 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."