By  on July 24, 2014

In another sign that retailing has been difficult, the National Retail Federation has cut its retail sales forecast for 2014, citing slow growth in the first half of the year.

NRF said Wednesday that retail sales will grow 3.6 percent in 2014 to $3.2 trillion. The original forecast in January called for 4.1 percent growth. Internet sales are seen at 9 to 12 percent ahead this year, representing 5 to 6 percent of total retail sales in the U.S.

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