By  on January 28, 2013

The National Retail Federation Monday predicted slower growth in 2013 as consumers metabolize tax increases in the early part of the year and open up their wallets as the year goes on.

The Washington-based trade association forecast retail sales growth of 3.4 percent for the year, slightly above the 3.3 percent growth registered in 2010 and below the increase of 5.8 percent in 2011 and the 4.2 percent increase expected to be tallied for last year once final figures are in.

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