Holiday Sales Growth Slows but Consumers Remain Resilient
• Holiday sales rose 3.1% from November through Christmas Eve compared to 7.6% last year
• Sales growth was below the 3.7% increase projected, but still showed shopper resilience
• Clothing sales rose 2.4%, but jewelry fell 2% and electronics dipped 0.4%
• Online sales jumped 6.3% while in-person spending was up just 2.2%
• Concerns remain about consumer spending in January after the holidays amid high inflation