Reported about 5 hours ago
The National Retail Federation reports that holiday sales for the 2024 season rose 4%, surpassing expectations due to easing inflation and robust consumer spending. The total sales reached $994.1 billion in November and December, slightly exceeding the prior year's 3.9% increase and the group's forecast of 2.5% to 3.5%. Despite concerns over a shorter shopping period, the healthy sales indicate strong consumer confidence and an optimistic start to the year.
Source: YAHOO