U.S. holiday spending jumped 5.5 percent, spurred by stronger employment, rising consumer confidence and expectations of higher wages and bonuses after the recent tax bill, according to a new report from the National Retail Federation. That's the biggest one-year gain for this figure since 2005.
Sales in November and December rose to $691.9 billion, compared with $655.8 billion the previous year, excluding sales at restaurants, automobile dealers and gasoline stations. This is huge, because holiday sales can account for up to 40 percent of annual sales for some stores.
With $6.6 billion spent, Cyber Monday — the Monday after the Thanksgiving holiday — was the largest U.S. shopping day ever. Online transactions from the top 100 U.S. web retailers were 14.7 percent higher than last year's total.
No comments:
Post a Comment