To the Point
Lackluster Retail Sales Bring Little Holiday Cheer
The numbers are in and retail sales this holiday season have increased a lackluster 2.4%, falling short of industry forecasts. Shoppers aggressively pursued deep discounts, leading to a last minute surge in spending that saved the industry from negative results.
The numbers are in and retail sales this holiday season have increased a lackluster 2.4%, falling short of industry forecasts. Shoppers aggressively pursued deep discounts, leading to a last minute surge in spending that saved the industry from negative results. Kris Hudson of the Wall Street Journal says that electronics and e-commerce saved the day.
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