National Retail Federation (NRF) CEO Matt Shay stressed concerns over the potential rail strike saying it 'would be devastating for our economy at a time like this.'
"It is important to note that while some may claim that retail sales gains are the result of higher prices, they must acknowledge the historic growth in consumers who are shopping in-store and online during the long Thanksgiving holiday weekend and into Cyber Monday," Shay said in a statement. "It is consumer demand that is driving growth."overall during this five-day span, but there was a resurgence of in-store shopping.
Consumers also spent more than $325 on average for holiday-related purchases over the course of the weekend, which is up from $301.27 in 2021, NRF reported. GET FOX BUSINESS ON THE GO BY CLICKING HEREOn average, consumers say they are only 47% done at this point in time, "leaving plenty of room for additional purchases in the remaining weeks of the year," said Phil Rist, Executive Vice President of Strategy at Prosper Insights & Analytics.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
U.S. Thanksgiving weekend sees record 197 mln shoppers -NRFDeep discounts on everything from fashion to electronics during the Thanksgiving weekend encouraged more Americans to open their wallets even as inflation weighed on their shopping budgets, data from the National Retail Federation showed on Tuesday.
Leer más »
Dallas shoppers headed back to the mall. Will they keep it up till Christmas?Dallas area malls and shopping centers believe they have momentum. The National Retail Federation said 196.7 million people shopped online and in stores from...
Leer más »
World Cup 2022: US Soccer Federation alters Iranian flag in support of protestersThe U.S. Soccer Federation posted a graphic on all its social media Saturday with an altered Iranian flag.
Leer más »
Yahoo eyes retail stock trading in major growth pushYahoo's new Taboola deal underscores its move to boost revenues and use its cash to grow its core businesses.
Leer más »
Amazon unveils supply-chain, cloud services drawing on its retail armAmazon.com Inc on Tuesday announced software drawing on its retail expertise in an effort to boost sales to businesses and remain the largest cloud-computing provider ahead of Microsoft Corp and Alphabet Inc's Google.
Leer más »