Snowstorm unlikely to hurt holiday sales, analysts say
(Reuters) - The snowstorm that hit the Northeast and Midwest this past weekend is unlikely to hurt overall holiday sales, analysts say, even as the shorter shopping season makes every day crucial for retailers.
The season, which has six fewer days than last year because of a late Thanksgiving, is expected to be the toughest since the financial crisis of 2008, with retailers forced to discount heavily to attract budget-conscious shoppers.
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