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Area retailers are staying positive about 2007, even though one of Colorado’s key economic forecasters predicts a slowdown in sales growth.
Richard Wobbekind, associate professor of business economics and finance at the Leeds School of Business at the University of Colorado at Boulder, predicts retail sales will slow next year due to higher interest rates, a slower housing market and a recent lack of savings among consumers.
“We think people are trying to save a little more,” he says.
Managers of the new Twenty Ninth Street retail district in Boulder, which opened in October, don’t let predictions deter them.
“I see spring and…
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