Friday, December 13, 2019

Retail sales fall short of forecast in the early stages of the holiday season. Poor omen?

Sales at U.S. retailers rose slightly in November and mostly benefited a few merchants such as auto dealers and internet stores, suggesting the holiday season got off to a sluggish start.

Retail sales edged up 0.2% last month, the government said Friday. Economists polled by MarketWatch had expected a 0.5% increase.

One potential reason sales fell short of Wall Street’s forecast: A late Thanksgiving pushed the first big weekend of holiday spending into December. Cyber Monday took place on Dec. 1.. . . more