Yesterday was a key date in retail as the sales report for December was released, and it was a bit of a let down. After November’s .3% increase, expectations were high for December but it turns out all those giant “Sale” signs and massive discounts caught up with retailers. The .1% gain from the year earlier was less than the .3% expected by economists. As reported by Bloomberg: “The holiday shopping season wasn’t overwhelming in strength,” Michael Moran, chief economist at Daiwa Capital Markets America Inc. in New York, said before the report. “It was respectable but not robust. The consumer will take a breather in the first quarter.” For the full article, click here.

Category: Fashion, Reports, Retail.

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