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Macy's. >> hay, it happens every year. the national retail center says about 40% of clothing is returned. that is a lot of returns when you talk about hundreds of billions of dollars every year. it makes it a very busy day here and week. macy's opened very early this morning. i think 7:00, opening at about 11:00 tonight. a little rainy here tonight. at least it is not freezing cold. they're open early, they're staying open late. a lot of people shopping. it looks like it is before christmas and not after. holiday sales should be happy but not as big of a piece of the overall piece of the retai...

Holiday sales projected to be healthy but not as big as in the past. projecting $655 billion in november and december retail sales. up about 4% from last year. online sales they say will be $117 billion. that keeps growing, the online sales. these are a projection. we will wait for final numbers in january. we did speak to a market track analyst this afternoon that says there's a reason the holidays seem to start earlier and earlier every year. the reason probably won't surprise you. >> the thought is that the early bird gets the shopper in a lot of cases. if they offer compelling deals early ...

Cnn business correspondent alison kosik with the details. >> tally up how the holiday shopping season went. would you believe that americans unloaded hundreds of billions of dollars on gifts. the national retail federation forecasts a 3.6% jump in sales from last year. that total amount spent an incredible $655 billion. now, it was estimated that americans had planned to spend an average of $935 on gifts. that's second to last year. now, i'm thinking that some of what was spent on you for things that you really don't want. let me give you a cheat sheet in return. let's begin with gift cards. i...

Remain peaceful stands with u.s. policy. >> eugene scott, thank you for analysis. we will bring you back in 25 minutes. >> great. see you. the holiday shopping season is wrapping up and americans unloaded hundreds of billions of dollars on gifts. the national retail federation forecasting a 3.6% jump in sales from last year. the total amount spent $655 billion. americans plan to spend $935 on gifts. that is second only to last year. mobile was a bright spot for retailers. stores like macy's and best buy revamped sites to make it easier for shoppers. also an employment bump from the holiday r...

Overall savings app that's out there. >> i like that camel, camel prices going up and down. talk about the fact that it is predicted this is the biggest black friday ever, some have said this is a sluggish economy, what does it say that people are shopping with great gusto. >> the national retail federation are reporting that the overall shopping for black friday, overall holiday in general is going to hit almost close to a trillion dollars. i think the specific number was $655 billion. >> that in itself, that's 3% higher than what it was last year. people are feeling better of the economy muc...