Strong closing surge rescues holiday sales

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan ClarksonHe expects total holiday sales will meet NRF’s growth forecast of 4 percent. That’s still below the 4.6 percent growth last year and the 4.8 percent average over the past decade. The figure excludes business at auto dealers, gas stations and restaurants. The results also exclude online sales, which according to research firm comScore Inc. were up 19 percent for the season overall. That’s in line with its 20 percent forecast. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! NEW YORK – Just weeks ago, the holiday shopping season seemed headed for disaster. But in the waning hours before Christmas, the nation’s retailers got their wish – a last-minute surge of shopping that helped meet their modest sales goals, according to data released late Monday. Research firm ShopperTrak RCT Corp. said total sales Saturday reached $9.36 billion, up a robust 7.6 percent from $8.7 billion on the same day a year ago. That surge will put stores on track to at least meet its forecast of a 3.6 percent sales gain for the season, according to ShopperTrak. For the Friday-Sunday period, total retail sales soared 18.7 percent from the year-earlier period, though that was inflated because Christmas Eve fell on a Sunday a year ago, according to ShopperTrak. Dollar figures were not available for this past weekend. Scott Krugman, a spokesman at National Retail Federation, noted that the season is turning out as expected: The final days before Christmas and the week after Christmas “determine the holiday season.” last_img

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