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Retailers foresee lots of cheer in holiday shopping season

The Florida Retail Federation released a forecast of the holiday shopping season Thursday, predicting $58 billion in sales, a 5.2 percent uptick in sales over 2011.

The projection is the rosiest since the Great Recession, but the trade group thinks a gradually recovering national and state economy, increased consumer confidence, pent-up consumer demand and a lengthy holiday season will produce a bountiful season for retailers.

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