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In this Thursday, Dec. 20, 2012 photo, people walk through the Fashion Island shopping center in Newport Beach, Calif. A confluence of factors has led to a muted approach to holiday shopping in 2012 - bad news for retailers, which can make up to 40 percent of annual sales during November and December and were counting on the last weekend before Christmas to make up for lost dollars earlier in the season. The Saturday before Christmas was expected to be the second biggest sales day behind the Friday after Thanksgiving. (AP Photo/Chris Carlson)