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Posted AT 7:35 AM EST on 30/09/08

Retailers gird for weak holiday sales season

MARINA STRAUSS

From Tuesday's Globe and Mail

Retailers have scaled back inventory and advertising spending as they brace for a tough fall and holiday shopping season, and they will likely look for further cutbacks in a softening economy, industry insiders said. Some chains may even close underperforming stores and reduce their work forces as they dig in for what some say will be grim months ahead - and one of the weakest holiday periods in years.

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