Retail stocks are rising after a report said last year’s holiday season was ‘better than anything we could have hoped for’ (AMZN, TGT, KSS, JWN)

Kohls stock price retail
Markets Insider
  • Retail stocks are up, some over 3%, on solid numbers from the National Retail Federation.
  • Sales rose 5.5% last November and December compared to the previous year.

Americans spent 5.5% more in November and December 2017, reaching $691.9 billion, than they did the previous year, the National Retail Federation said Friday.

The holiday season was expected to be one of the best in a decade thanks to higher-than-usual consumer confidence and an increasingly lower unemployment rate, but the numbers released by the industry group were still a shock.

Leave a Comment

Your email address will not be published. Required fields are marked *