Earlier store openings and a search for bargains drove retail sales volume up 5.6% on this year's post-Thanksgiving sales compared to last year, even though retailers did not cut prices as deeply as they have in previous years
Those are two of the conclusions published by First Data in its SpendTrend, an analysis of consumer spending that the payment processor publishes monthly.
The analysis called the growth "impressive" considering sales growth in the second half of the year has hovered near a relatively slow 3%. Leading growth categories included building material, garden equipment and supply dealers, and clothing and clothing accessories stores, the processor said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
