January 19, 2023

Despite December Slow Down In Consumer Spend, Holiday Sales Were Up 8.3%

Retail trade sales in December were down slightly compared to November (seasonally adjusted) at minus 1.2% but showed a healthy increase over last December at 5.2%. “While economic factors like higher prices and interest rates may have factored into the December dip, let’s also remember the goalposts keep moving as to when the holiday shopping season begins,” stated Jonathan Silver, CEO of Affinity Solutions.

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