Total Holiday Sales Increased 5%, NRF Says
The 2022 Holiday season posted $936.3 billion in sales, representing a 5% increase over the prior year’s $889.3 billion, according to the National Retail Federation. The percentage growth lagged NRF guidance of 6% to 8% but still came in ahead of the 10-year Holiday average when looking to the right of the decimal point, posting +5.3% compared to +4.9%. Online and other non-store sales totalled $261.6 billion, up 9.5% from $238.9 million, missing the low end of the 10% to 12% guide. Looking at full-year results, retailers turned in $4.9 trillion ... Log in to view full article.