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NEW YORK - Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the latest measure. Holiday sales from the …
Retail sales increased 3.1% — not adjusted for inflation — year over year from Nov. 1 to Dec. 24. Online sales rose 6.3%, in-store sales 2.2%.
Preliminary shopping data indicated that US holiday sales increased 3.1 percent compared with the year-ago period, a solid but unspectacular increase reflecting mixed sentiment on the economy.
This year's sales are in line with what is typical during the holiday season.
Americans spent notably more money during the holiday shopping season as the U.S. economy powered through high inflation and interest rates. Retail sales in…