Holiday Spending on Track to Meet NRF Forecast

Retail sales in November increased 0.9% over October on a seasonally adjusted basis and were up 6% year-over-year unadjusted, according to new calculations from the National Retail Federation. Online and other non-store sales grew 10.5% year-over-year, reflecting the growth of online shopping. The numbers exclude automobiles, gasoline stations and restaurants. “This …

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