Weather, Deflation Cause Holiday Retail Sales to Miss

Washington—While the National Retail Federation today announced that holiday sales had “solid growth” the 3% increase ($626.1 billion) failed to meet the NRF’s projection for 3.7% growth. Non-store (online) holiday sales grew 9% to $105 billion. According to the National Retail Federation, December retail sales, which exclude automobiles, gas stations and restaurants, decreased 0.2% seasonally adjusted from […]

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