Press
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%. โ€œWhile economic factors like higher prices and interest rates may have factored into the December dip, letโ€™s also remember the goalposts keep moving as to when the holiday shopping season begins,โ€ stated Jonathan Silver, CEO of Affinity Solutions.

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