NRF: Holiday retail sales growth right on target |
Written by Jeremy Burns | |
Tuesday, 14 January 2014 05:00 PM America/New_York | |
Severe winter weather did not dampen December retail sales as shoppers took advantage of heavy promotions and last-minute deals. December retail sales, which excludes automobiles, gas stations and restaurants, increased 0.4% seasonally adjusted month-to-month, and 4.6% unadjusted year-over-year, according to the National Retail Federation (NRF). Total holiday retail sales, which includes November and December sales, increased 3.8% to $601.8 billion, which was in line with NRF’s projected forecast of 3.9% and $602.1 billion. In addition, non-store holiday sales, which is an indicator of online and e-commerce sales, grew 9.3% to $95.7 billion. |
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