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November 22, 2010

All Business: For clues on economy, check lingerie sales

  • Head to any mall during the holiday season, and pay attention to how people pay for things and what's on sale.
    AP Business Writer

    NEW YORK — Attention armchair economists: You don't need spreadsheets to get a handle on how this year's holiday shopping season is going. Just keep an eye on sales of push-up bras.

    You read that right. Retail analyst John Morris says that if we see brisk sales of the “Miraculous” bras at Victoria's Secret it could be a good indicator of two important economic trends.

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