Holiday season weakest since at least 1970: ICSC (Reuters)

Last minute holiday shoppers walk past a sign at a retail establishment that has slashed prices by as much as 70 percent, in San Francisco, California December 24, 2008. (Robert Galbraith/Reuters)Reuters – The U.S. holiday shopping season is the worst since at least 1970 due to the recession, heavy discounting and harsh winter weather just before Christmas, the International Council of Shopping Centers said on Tuesday.

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