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January 18, 2022

December sales not so jolly for retailers

  • For all of 2021, sales spiked 19.3% compared with the previous year.
    • By ANNE D'INNOCENZIO
    AP Retail Writer

    NEW YORK — Americans, beset by lack of product choices, rising prices and the arrival of omicron, sharply cut their spending in December after a burst of early buying in the fall boosted this year's holiday shopping season.

    Retail sales fell a seasonally adjusted 1.9% in December from November when sales increased 0.3%, the U.S. Commerce Department said Friday. Sales rose 1.8% in October as shoppers, worried about product shortages, got a head start on their holiday buying. Still, retail sales surged 16.9% last month compared with December 2020, the Commerce Department said Friday. For all of 2021, sales spiked 19.3% compared with the previous year.


     
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