Holiday Spending Increased, Defying Fears of a Decline While the pace of growth slowed, spending stayed strong because of robust job growth and strong wage gains.
Retail Group Retracts Startling Claim About ‘Organized’ Shoplifting The National Retail Federation had said that nearly half of the industry’s $94.5 billion in missing merchandise in 2021 was the result of organized theft. It was likely closer to 5 percent.
Is the Holiday Shopping Season Going to Be a Success? The Answer Is Murky. Black Friday weekend had a decent turnout for retailers, but it’s unclear if the rest of the season will deliver for the industry.
Black Friday Isn’t What It Used to Be Big discounts, many of them online only, start appearing well before Thanksgiving and will run long after. Some people still go to the mall, though.
Holiday Retail Sales Are Expected to Increase, but at a Slower Pace Spending in that crucial period is predicted to rise 3 to 4 percent from last year, as the economy cools and demand normalizes.