By  on October 14, 2009

Retail stocks continued to test new highs for the year, rising 0.9 percent Tuesday despite a consumer holiday spending survey that suggested stores still have some tough sledding ahead.

Thirty percent of consumers plan to spend less this holiday season than last year, according to a survey by The NPD Group Inc. That’s an increase from last year, when 26 percent of shoppers were looking at holiday belt tightening.

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