ALJAZEERA: US retail sales are likely to be down on last year in the four days from Thanksgiving to Sunday despite the early opening of stores and a surge in online spending, according to initial estimates.
The National Retail Federation said on Sunday that it expected total spending over the long holiday weekend – when some stores opened earlier than ever on Thanksgiving night – to drop to $57.4bn from $59bn last year…
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ShopperTrak reiterated its longer-term forecast of a 2.4 per cent rise in sales in November and December as a whole. That would be the slimmest gain since 2009, when holiday sales were down from the previous year… (more)
