First Half of Holiday Season Shows Strong Year-Over-Year Results Despite Monthly Drop
November retail sales dipped from a surge of early holiday shopping the month before but still saw solid year-over-year growth that marked a strong start to the holiday season, the National Retail Federation said today.
“Consumers continued to spend on household priorities and holiday gifts for loved ones this November despite continued inflation and rising interest rates,” NRF President and CEO Matthew Shay said. “Holiday shoppers are demonstrating resilience, and retailers are providing great products and experiences at the right price..."
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