Daily News: December 1, 2014

U.S. Holiday Weekend Store Sales Fall

Reuters reported early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4% less than they did a year earlier, according to data released Sunday by an industry group.

According to Reuters the National Retail Federation estimated shoppers on average spent $380.95 at stores this holiday weekend, which began on Thursday, compared with $407.02 a year ago, and total spending fell about 11 percent to $50.9 billion over the weekend.

To read the entire Reuters article, click here.