Mastercard SpendingPulse: Retail Sales Grew at Strongest Rate in Six Years
Retail sales topped over $850 billion this holiday season as shoppers were encouraged by a robust economy and early discounts.
Macy’s Shares Drop 14% on Weak Holiday Sales
The retailer posted a 2.1% same-store sales decline, and lowered earnings guidance, as it continues to struggle with the shift to online shopping.
Holiday Retail Shopping to Increase 4%
A majority of consumers surveyed say they are likely to spend more and sooner on holiday shopping than in 2015.
2015 Retail Holiday Sales to Increase Moderately
Deloitte expects stagnant wages to slow sales growth but sees no marked impact from stock market volatility.