Alva Review-Courier -

Holiday sales tick up as shoppers invest in their homes

 

December 27, 2020



NEW YORK (AP) — Retail sales increased a modest 3% during a longer holiday season this year, as homebound shoppers spent more on furnishing and food but less on clothing and jewelry, according to figures released Saturday by a firm that tracks all forms of payments.

The increase fell short of predictions from the National Retail Federation, the nation's largest retail trade group, which had expected sales to rise between 3.6% and 5.2% this year compared to 2019.

As expected, a surge in online shopping fueled much of spending. Online sales rose a record 49% year-over-year between Oct. 11...



For access to this article please sign in or subscribe.



 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020