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Wedding and festive demand will increase this fiscal year, Crisil Ratings predicts.
Independent retailers enjoyed respectable sales considering 2021’s record totals.
Jewelry and other hard luxury registered first year-on-year drop since March.
Consultancy firm predicts growth of up to 8% this year.
Outlook for inflation and employment improved in December, says The Conference Board.
Retail spending shifted toward experiences, according to data from Mastercard SpendingPulse.
Empty stores and a challenging economy indicate a slow New Year season ahead.
Traffic rises only 0.2% as shopping holiday falls earlier than usual.
Unfavorable comparison with October’s early holiday shopping also dented November figure.
Times Square location will help jeweler expand US business, management says.

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