December retail sales fall 1.9% after early holiday rush
December retail sales fall 1.9% after early holiday rush
By Anne D’Innocenzio | The Associated Press
Americans, beset by lack of product choices, rising prices and the arrival of omicron, sharply cut their spending in December after a burst of early buying in the fall boosted this year’s holiday shopping season.
Retail sales fell a seasonally adjusted 1.9% in December from November when sales increased 0.3%, the U.S. Commerce Department said Friday.…
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