As we close out the second week of the New Year, mixed results from the holiday shopping season are coming in. According to the Department of Commerce’s advanced monthly report released this morning, retail sales in the U.S. declined for a third straight month in December. The report also revised November figures downward, which includes Black Friday and the start of the Christmas shopping period. [1] A number of retail companies posted declines in revenue over the holiday including Victoria’s Secret, Urban Outfitters and Nordstrom. [2]
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As we close out the second week of the New Year, mixed results from the holiday shopping season are coming in. According to the Department of Commerce’s advanced monthly report released this morning, retail sales in the U.S. declined for a third straight month in December. The report also revised November figures downward, which includes Black Friday and the start of the Christmas shopping period. [1] A number of retail companies posted declines in revenue over the holiday including Victoria’s Secret, Urban Outfitters and Nordstrom. [2]