Sales at U.S. retailers increased more than forecast in November and optimism among small businesses rose to a three-year high, signaling the economy was gaining momentum as the holiday season began.
The 0.8 percent gain in purchases followed a 1.7 percent jump in October that was larger than previously estimated, Commerce Department figures showed today in Washington. The National Federation of Independent Businessís sentiment gauge rose by 1.5 points to 93.2, the highest since December 2007, as more companies projected sales will grow.
12:33 am on Dec 15, 2010 (gmt 0)
My traffic is the lowest it's been this year, but sales holding steady. Go figure.
They mentioned electronics being down some... I went to buy a TV and was a little annoyed to see a $25 "recycle fee" added to my purchase by the state. That equaled almost half the actual sales tax. I almost canceled the order, just out of principle. I wonder how many people actually have.
4:57 pm on Dec 15, 2010 (gmt 0)
big boys are doing great!
The biggest online retailers make the big gains in market share The 25 largest e-retailers account for almost all the growth this holiday season, comScore says.