Holiday sales were a huge disappointment, retail report says [CNBC]
Walmart Inc. (WMT)
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Source: CNBC
Holiday sales were a huge disappointment, retail report says Kamil Krzaczynski | Reuters Shoppers leave a Walmart store in Chicago, November 20, 2018. Shoppers didn't spend as much as expected this past holiday season. Holiday sales were up just 2.9 percent in 2018, the National Retail Federation said on Thursday, on the heels of the Commerce Department announcing retail sales for December fell 1.2 percent, "It appears that worries over the trade war and turmoil in the stock markets impacted consumer behavior more than we expected," NRF President and CEO Matt Shay said in a statement. "There's also a question of whether the government shutdown and resulting delay in collecting data might have made the results less reliable." NRF said online and other nonstore sales were up 11.5 percent this past holiday season, while the group had been calling for growth of between 11 and 15 percent. It said sales, both in stores and online, were down 1.5 percent in November year over year, and in Dec
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