In a season when holiday shopping began early, November retail sales dipped from the month before but still enjoyed a sixth consecutive year-over-year gain, according to the National Retail Federation.
The annual survey Prosper Insights & Analytics conducts for the National Retail Federation demonstrated that, while not all up in 2020 versus 2019, the sales numbers for the Thanksgiving weekend period still demonstrated that the overall holiday season is on track to meet expectations.
As it evaluates gift-giving season, Coresight Research has estimated that total retail sales in the United States will increase by about 5% year over year during the holiday period, boosting total October through December sales to $1.1 trillion.
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.
Black Friday was tops again for holiday traffic during the 2019 retail season, according to ShopperTrak.
Just days after Amazon.com said the 2017 holiday shopping season was its biggest, new data is showing that the e-commerce giant continues to gain market share.
Predictions of a strong holiday season for retailers may prove true with figures from Mastercard Advisors showing sales from November 1 through Christmas Eve up nearly 5%.
Retailers should see an uptick in holiday sales in stores and online this year, according to Deloitte’s annual retail holiday sales forecast.
A ruling from a United States bankruptcy court judge will allow ships from the financially distressed Hanjin Shipping Co. to dock in the United States, but it remains unclear if goods on those ships will be offloaded.
A late season surge gave holiday sales a boost and may have brightened the mood of many retailers. On Monday,…