U.S. holiday retail sales growth weakest since ’08
WASHINGTON – U.S. holiday retail sales this year were the weakest since 2008, when the nation was in a deep recession.
In 2012, the shopping season was disrupted by bad weather and consumers’ rising uncertainty about the economy.
A report that tracks spending on popular holiday goods, the MasterCard Advisors SpendingPulse, said Tuesday that sales in the two months before Christmas increased 0.7 percent, compared with last year. Many analysts had expected holiday sales to grow 3 to 4 percent.
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