After December strength made up for a shaky November, holiday retail sales for 2019 increased 4.1% versus the year-prior period to $730.2 billion, the National Retail Federation reported.
The NPD Group reported that holiday sales for key general merchandise categories it covers were up just 0.2% in 2019 versus 2018, according to weekly point-of-sales results, although critical housewares segments were strong.
The website Offers.com conducted a holiday survey of 1,500 consumers in the U.S. that determined the average shopper will spend $625 on seasonal gifts this year.
FlexShopper, a national online lease-to-own retailer and LTO payment solution provider, has announced record year-over-year lease origination growth in December 2017, with gross lease originations increasing 27.5% to 25,140 from the month last year.
Cargo traffic at the nation’s container ports is expected to grow modestly in December, according to the National Retail Federation.
Based on a poll conducted earlier this month, Prosper Insight & Analytics stated that consumer sentiment fell in January from a 12-month high in December. But with 52.3% of consumers feeling confident or very confident in the prospects for a strong economy, it was up considerably from the month last year, when the figure was 42.5%.
Target Corp. announced that comparable sales during the combined November/December holiday period decreased 1.3%.
December retail sales gained substantially from November and, particularly, year over year, according to the United States Department of Commerce, boosted by e-commerce but restrained by department and electronics store results.