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Last-minute spending surge lifts U.S. holiday shopping season

December 28, 2016 by · Leave a Comment 

A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, industry research groups said on Tuesday. Spending over the Thanksgiving weekend in November fell 3.5 percent from a year ago despite…

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Last-minute spending surge lifts U.S. holiday shopping season