NEW YORK -- Retail sales will grow 4.8% in 2007, the National Retail Federation predicted yesterday at its annual NRF Show here. “It seems the economy is headed for a soft landing,” said Rosalind Wells, NRF‘s chief economist, in a press conference. “The windfall from [home-equity] cash-outs has diminished, and consumers have become more cautious.” She said she thinks retail sales trends will improve throughout the year as the employment and wage picture improves -- she projected retail sales ...

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