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Major retailers tamper expectations for 2025 as Americans slow their spending

Associated Press News
Summary
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U.S. consumer confidence plunged last month , the biggest monthly decline in more than four years .

Abercrombie & Fitch said it expects sales growth of between 3% and 5% in 2025 , worse than Wall Street had been expecting.

The retail landscape is becoming more challenging, GlobalData managing director of GlobalData says.