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Nation's largest retail trade group: holiday sales rose 4.1%

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Nation's largest retail trade group: holiday sales rose 4.1%
Nation's largest retail trade group: holiday sales rose 4.1%

The nation's largest retail trade group says that holiday sales increased 4.1%, near the top end of its forecast

NEW YORK -- The nation's largest retail trade group says holiday sales increased 4.1%, near the top end of its forecast.

The National Retail Federation had expected a range of 3.8% to 4.2% for the November and December period.

The results offer a dose of optimism for the retail industry after several large stores delivered disappointing holiday sales.

The numbers exclude sales from automobile dealers, gas stations and restaurants.

Online and other non-store sales were up 14.6% over the prior year and are included in the total.

The NRF forecast considers economic indicators such as consumer credit, disposable personal income and monthly retail sales.

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16 January 2020, 18:59