“The December spending boost is in contrast to a muted November, when early holiday promotions and expectations among consumers that deals would always be available took a toll. Spending over the Thanksgiving weekend in November fell 3.5 percent from a year ago despite a strong jump in online sales, according to the National Retail Federation,” Bose reports. “‘It was a hot start with Cyber Monday, followed by a lull for the last couple of weeks and then a big-bang finish,’ said Pete Madden, a director at retail consultancy AlixPartners.”
“Brick-and-mortar sales in the week ending Dec. 24 rose 6.5 percent year-over-year after having fallen for the rest of the month, according to data from analytics firm RetailNext,” Bose reports. “President-elect Donald Trump attributed the spending increased to his impending arrival at the White House. ‘The world was gloomy before I won – there was no hope. Now the market is up nearly 10 percent and Christmas spending is over a trillion dollars!’ Trump wrote on Twitter.”
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MacDailyNews Take: We’re crediting Apple’s last-minute launch of AirPods. 😉