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Holiday shoppers lift merchants with 3.6% sales rise
Retail spending rose 3.6 percent from November 1 to December 24 amid tight credit and high unemployment, with online sales up 15.5 percent. Gift card redemption lagged, inventories are lean, and January outlook remains cautious as retailers await full December results.
MENTIONED IN THIS ARTICLE
New York
MasterCard Advisors
Michael McNamara
McNamara
ShopperTrak
Burt P. Flickinger
Flickinger
Karen MacDonald
Taubman Centers Inc
MacDonald