Online shopping posted growth of 15.4 percent this season compared with last year, a new report finds. Overall, consumers spent 5.5 percent more between Nov. 5 and Dec. 24.
Retail sales for the week ending March 6 rose a robust 2.9 percent from a week earlier. Freed from snow and shovels, and ready for spring, shoppers bust loose.
Data released Monday show that online holiday sales skyrocketed – probably because many people on the East Coast stayed home to shop on a snowy ‘Super Saturday.’
Buried by a major snow storm, East Coast cities are mobilizing all their resources to clear streets for Christmas shopping.
Consumers are still hesitant to spend. For the year, retail sales are expected to decline about 3 percent, says the National Retail Federation.
If Americans continue reaching into their pocketbooks, back-to-school sales could be better than expected.
Faced with tight budgets this year, many Americans put greater value on time with family.