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Christmas sales hit record highs despite energy crunch
American shoppers spent hundreds of millions on gifts as retailers report record holiday sales. Strong demand for sweaters heaters and warmth items helped offset higher prices and a harsh winter. Some stores cited weather closures and inflation denting gains though overall activity remained robust with several chains posting near or above prior year levels.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Bloomingdales
Titche’s
Dallas
Richard G. Shapiro
Gimble Bros
New York-Philadelphia
Pittsburgh
Saks
Gimbles
Los Angeles
Gottschalk’s
Fresno
Calif