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Shoppers Pulled Back Spending at Start of Holidays © mark makela/Reuters The holiday shopping season got off to a muted start as U.S. consumers reined in November spending amid a surge in coronavirus infections and new business restrictions in some states. U.S. retail sales, a measure of purchases at stores, restaurants and online, dropped a seasonally adjusted 1.1% in November from the prior month, the Commerce Department said Wednesday. October sales were revised to a decline of 0.1% from an earlier estimate of a 0.3% increase. Sales were up by 4.1% in November when compared with the sam...

U.S. Retail Sales Fell 1.1% in November -- 2nd Update 12/16/2020 | 10:08am EDT Send by mail : Message : By Harriet Torry The holiday shopping season got off to a muted start as U.S. consumers reined in November spending, a sign that the coronavirus pandemic and related restrictions are putting a damper a key period for retailers. U.S. retail sales, a measure of purchases at stores, restaurants and online, dropped a seasonally adjusted 1.1% in November from the prior month, the Commerce Department said Wednesday. Sales were up by 4.1% when compared with the same month a year ago. ...