AP- The nation’s largest retail trade group says that holiday sales increased 4.1%, near the top end of its forecast. The National Retail Federation had expected a range of 3.8% to 4.2%. The results, which cover November and December, offer a dose of optimism for the retail industry after several large stores delivered disappointing holiday sales. The numbers exclude sales from automobile dealers, gas stations and restaurants. Online and other non-store sales were up 14.6% over the year before and are included in the total. The NRF forecast considered economic indicators such as consumer credit, disposable personal income and monthly retail sales.
Nation's largest retail trade group: holiday sales rose 4.1%
Jan 16, 2020 | 10:57 AM