Both the U.S. Census Bureau and the National Retail Federation reported that holiday sales increased year-over-year, but analysts and consultants remain wary of calling the season a success.
The numbers appear promising: Retail and food service sales for December increased by 5.8% to nearly $530 billion over the same period a year earlier, according to advance estimates provided by the U.S. Census Bureau. For November, the agency’s figures show that retail sales edged higher 0.3% to almost $528 billion.
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