Retail trade group: Holiday sales up 5.5 percent

FILE - In this Tuesday, Dec. 26, 2017, file photo, shoppers take advantage of discounts and slashed post-Christmas prices at Valley View Mall in Roanoke, Va. The National Retail Federation said Friday, Jan. 12, 2018, that holiday sales reached $691.9 billion as shoppers stepped up their spending in the wake of a better economy. (Erica Yoon/The Roanoke Times via AP, File)
FILE - In this Tuesday, Dec. 26, 2017, file photo, Paulette Stone takes advantage of the post-Christmas sales at Valley View Mall in Roanoke, Va. The National Retail Federation said Friday, Jan. 12, 2018, that holiday sales reached $691.9 billion as shoppers stepped up their spending in the wake of a better economy. (Erica Yoon/The Roanoke Times via AP, File)

NEW YORK — The nation's largest retail trade group says holiday spending rose a better-than-expected 5.5 percent, the strongest gain since the Great Recession.

The National Retail Federation said Friday holiday sales reached $691.9 billion as shoppers stepped up their spending in the wake of a better economy. The results beat the group's original growth projections of 3.6 percent to 4 percent, and it marked the largest increase since the 5.2 percent gain in 2010.

Online shopping, which is included in the results, increased 11.5 percent.

The overall figure exclude sales from autos, gas and restaurants but includes non-store sales like those from catalogs.

The news comes as the government reported that retail sales rose 0.4 percent last month, after a 0.9 percent surge in November.

Many retailers reported solid holiday sales gains.

Must Read

Sept. 11 memorial motorcycle ride ending on a...

Aug 10, 2016

Leaders of a massive, annual motorcycle procession to the three Sept. 11 crash sites say this...

Clinton: Trump's words could have "tremendous...

Aug 10, 2016

Hillary Clinton says Trump's words could have "tremendous consequences," calls on Republicans to...

Police grab man climbing Trump Tower in New York...

Aug 11, 2016

A man who spent hours scaling the glass facade of Trump Tower in New York City has been captured by...

'MacGyver' update won't be gun-free zone; more...

Aug 11, 2016

A CBS remake of the 1980s series "MacGyver" will still have the hero relying on his wit, not...

Shifting tone, Trump entertains the notion he...

Aug 12, 2016

Straying from his trademark bravado, Donald Trump is acknowledging that his presidential campaign...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com