Friday, January 4, 2013

December Retail Spending Up

Retailers lured reluctant shoppers with late-December specials after Hurricane Sandy, the presidential election and the school shooting in Newtown, Conn., tempered earlier holiday spending.
December same-store sales for the more than 20 companies tracked by Swampscott, Mass.-based Retail Metrics rose 4.8%, excluding drugstores, beating the estimate for a 3.4% gain, the firm said in a report today. That follows a 1.6% gain in November