News Summary: December retail sales rise

News Summary: Higher December revenue figure paints rosier picture of holiday shopping season

Associated Press

THE NEWS: Major retailers said a key revenue figure rose in December, helped by a last minute surge of holiday shopping.

THE CONTEXT: Retailers including Costco, Gap and Nordstrom on Thursday reported better-than-expected December revenue. That was a relief for stores that can make up to 40 percent of their annual revenue during the winter holiday shopping period.

BY THE NUMBERS: Twenty retailers reported revenue at stores open at least a year — a figure that indicates a retailers' health — rose 4.5 percent in December compared with the year-ago period, according to the International Council of Shopping Centers.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You