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If trends hold, Ohio retailers will see a boom season
Retail has been growing along with income
by WKSU's ANDY CHOW


Reporter
Andy Chow
 
Carts are expected to fill fast with extended Thanksgiving and Black Friday hours.
Courtesy of Shlomi Fish
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In The Region:

It’s time to head out to the stores and start crossing presents off the Christmas list. Statehouse correspondent Andy Chow talks to a researcher who expects big sales numbers this holiday season.

LISTEN: Chow on the shopping season

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LISTEN: Chow on the shopping season (extended)

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The University of Cincinnati’s Economics Center predicts a big spike in retail sales for the 2013 holiday season, with the help of a busy Black Friday. Senior researcher Jeff Rexhausen expects Ohio retailers will see a 3.5 percent increase in sales this November and December compared to last year.

According to the report, every month this year saw increased sales compared to the same month in 2012.

“There are some other factors as well, that wages and salaries are increasing in Ohio," he says. "We’ve also seen some strong gains in housing market prices as well as the timing for people to be able to sell their homes so the demand is picking up to catch up with supply.”

Rexhausen warned that there are some headwinds that could dampen the shopping season, including a decline in consumer confidence, political uncertainty in Washington and the continued increase in Internet sales.

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