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January 19, 2021

Retail sales fall for 3rd straight month

  • Chains typically found at malls, such as Nordstrom, Victoria's Secret and Urban Outfitters, reported a sales drop.
    • By JOSEPH PISANI
    AP Retail Writer

    NEW YORK — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season.

    The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month before, a decline Wall Street analysts weren't expecting. Sales also fell in October and November, even as retailers tried to get people shopping for Christmas gifts early by offering deals before Halloween.


     
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