Membership
Get unlimited digital access. Try it today for only $0.99.
Topics

National Retail Federation

December retail sales fall 0.1% as holiday shoppers remained restrained

December retail sales fall 0.1% as holiday shoppers remained restrained

Holiday sales came in lower than expected, fresh data show, which has U.S. retailers starting the new year with a hard look at operations.

In December, retail sales fell 0.1% from the previous month, the Commerce Department said Friday. The National Retail Federation separately reported that sales during November and December increased 3% to $625.9 billion, below the forecasted 3.7% growth and under the 4.1% increase of the 2014 holiday season.

The subpar retail performance was reflected Friday in Wal-Mart Stores Inc.'s move to close 269 stores, with 154 in the U.S., including nine in California. That followed announcements from Macy's and Kmart that those chains would close...

Loading
71°